The Land Rover Tax Advantage: Power Meets Deductions
Certain Land Rover models, including the Range Rover, Range Rover Sport, Defender, and Discovery, qualify as "heavy SUVs" under federal and state tax codes due to their Gross Vehicle Weight Rating (GVWR) exceeding 6,000 pounds. This classification unlocks a powerful tax benefit for business owners in 2024: full depreciation on these vehicles when used exclusively for business purposes.