can i write of the sale tax on my purchase vehicle?

Question

I was told that if I own property that it can be done.

Answer 1

no you cant. if you own rental poperties, a portion of your vehicle expenses may be tax deductible when you you use your vehicle to drive to and from the properties to collect rents and do repairs. if your property is your principle residence you cant write off any taxes from a vehicle purchase.

Answer 2

If you itemize deductions, then you have a choice of deducting state and local income taxes, or state sales tax. If you live in a state without a state income tax, it would usually be to your benefit to choose to deduct sales tax. There is a table by state, by family size, by income range, that you can use to get an amount you can deduct for sales tax without having receipts to prove it. IF you itemize, and IF you choose to deduct sales tax instead of state and local income tax, and IF you use these tables, then you can add the sales tax paid on a car, plane or boat to the amount in the table.

OOPS, sorry, just noticed you're in Canada - the above is for the US.

Answer 3

It can be done on land. As for consumables ( a vehicle) you may be able, provided that vehicle was bought for your business.(not for leisure)