I bought a hybrid car in 2021. I am depreciating it until 2026. However, from 2025 onwards, only 75% of the car is depreciable. Does that mean I can no longer depreciate it?
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
I bought a hybrid car in 2021. I am depreciating it until 2026. However, from 2025 onwards, only 75% of the car is depreciable. Does that mean I can no longer depreciate it?
Fortunately, AI can generate fairly coherent answers these days :). Whether they are correct or not, I will leave open to debate! But in any case, this is the answer I get to your question:
No, that does not mean that you cannot continue to depreciate the hybrid car. According to Belgian tax legislation, you can still depreciate your hybrid car purchased in 2021 up to and including 2026, but the deductible percentage will change from 2025 onwards. Here is what the depreciation is likely to look like:
For the years 2021-2024, you can depreciate the car according to the original deductibility percentage, which had amounts of a maximum of 100% and a minimum of 50%, depending on the CO2 emissions from your specific model.
From 2025 onwards, the maximum deductibility will be limited to 75%, regardless of the original percentage.
In 2026, the final year of your depreciation period, the maximum deductibility will further decrease to 50%.
It is important to note that these percentages apply retroactively for the entire period of use by the same owner. This means that you can still continue to depreciate the car, but at the new, lower percentages. Example of depreciation: 2021-2024: Original deductibility percentage (max. 100%, min. 50%) 2025: 75% deductible 2026: 50% deductible Please note that these rules apply to plug-in hybrids. 75% deductible
2026: 50% deductible
Please note that these rules apply to plug-in hybrids that meet certain conditions, such as CO2 emissions of less than 50 g/km.
However, as mentioned above, it is best to have this answer checked by a specialist.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.