You may be asking what are the tax Benefits or how do they apply to my business? You can write off an eligible Range Rover, Range Rover Sport, Discovery, or Defender SUV as a business expense. This is great news for
self-employed Houstonians. Do you conduct business-related travel often? Travel
in first class in a new Range Rover, Defender, or Discovery SUV. If you use
your Range Rover, Defender, or Discovery to transport business equipment and
goods, you can take advantage of these benefits. Business owners from
The Woodlands and Houston can buy a new SUV for their business and save
money.
Write off up to 100% of the purchase price if the
vehicle is used for business purposes. To qualify for tax depreciation
deductions, the eligible new SUV from the Range Rover, Defender, or Discovery
lineup must be driven for business use 50% of the total mileage. Keep a mileage
log to track business usage in order to determine the amount that can be
deducted under Section 179.