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Whether driving to a meeting in challenging road conditions or navigating these unprecedented times, the world is much more appealing from the driver’s seat of a new Land Rover vehicle.
Take advantage of an accelerated tax depreciation schedule to help increase your company’s bottom line.*
Since the Range Rover, Range Rover Sport, Land Rover Defender 90, Land Rover Defender 110 and Land Rover Discovery have Gross Vehicle Weight Ratings (GVWR) greater than 6,000** pounds, they can be fully depreciated in the first year of ownership when Pre-Owned for business 100% of the time, giving you the freedom to spend on the things that matter most.
These tax depreciation advantages are for business owners who purchase a new Range Rover, Range Rover Sport, Land Rover Defender 90, Land Rover Defender 110 or Land Rover Discovery before December 31, 2024.* Please consult your tax advisor to determine how this information can be applied to your individual business situation.
*Section 179 of the IRS tax code allows businesses to deduct the price of qualifying equipment, such as vehicles, purchased or financed during the tax year. Under Section 179, purchaser may qualify for a tax write-off on Range Rovers, Range Rover Sports, Land Rover Defender, and Land Rover Discovery models with a gross vehicle weight (GVW) of 6,000 lbs or more.
*Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2024. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation. Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability. For more information, visit https://www.irs.gov. Consult your tax advisor to determine the proper tax treatment of any vehicle purchase(s) including, without limitation, which vehicles qualify, the amount of the available credit, how to claim the credit, how claiming a credit may impact other tax deductions and/or tax credits and for additional restrictions and limitations.
