Hi!
Previously CCA on a Class 10.1 Truck was being claimed on a T777 for a commissioned employee. In 2024, a new Class 10.1 SUV was purchased and is now the primary business vehicle. The truck was not actually sold in 2024, but the spouse now uses the Truck and the commissioned employee uses the new SUV for business instead.
- Is a regular (non-electric) SUV that has been purchased brand new in 2024 considered an AII and therefore no half-year rule needs to be applied for CCA in 2024 on the addition?
- Typically, if the old Class 10.1 Truck was sold during the year, you could amortize 1/2 of the opening UCC. Is this the case, even if the vehicle was not actually sold (it is just no longer being used for business-use)?
Thank you!