Hi everyone, I am looking to lease a new ute through my business this year and I was wondering if I can still get the government $20k tax rebate for small businesses. The new ute is $50k and I will trade in my hilux for $15k which will bring it down to $35k and then I will have a balloon at the end of the lease of $15k so that will make the total $20k. Will this work or will they classify the purchase as $50k? Even if the purchase amount is $50k can you still claim upto the $20k threshold or if you go over the $20k then you miss out. I understand it is claiming the depreciation on $20k straight away instead of over 5 years.