is the 4x4 honeymoon over?

[au2000]

reported today regarding the federal budget...

The Albanese government has slammed the brakes on the amount small business can claim for a piece of new equipment – down from $150,000 to $20,000 – making it impossible for businesses to instantly claim the cost of new commercial vehicles as a tax deduction.

Australian Automotive Dealer Association chief executive James Voortman said he was disappointed the asset write-off had been scaled back, saying it helped businesses obtain more modern vehicles.

“The instant asset write-off has resulted in many small businesses being able to purchase new vehicles for business use,” he said.

“This has played a major part in ensuring Australia’s vehicle fleet is characterised by newer vehicles, safer vehicles and cleaner vehicles.”

The scheme has helped four-wheel-drive utes such as the Ford Ranger and Toyota HiLux, Australia’s best-selling cars, maintain their place in the fast lane of vehicle sales charts.

this starts from july 1 & the change has been hinted at for a long time, will this lead to a change in the buying tastes of aussie motorists going forward? I know of a few people who manipulated this rule for years claiming their hilux, ranger, triton etc as a work vehicle when in reality it was their grocery getter.