May 4, 2023

ATO FBT Review - Eligible Exempt Vehicles

The ATO have warned tax agents they will be investigating businesses who incorrectly classify vehicles as eligible for the FBT exemption, including type of car and usage

Vehicles eligible for the exemption

The following vehicles are eligible for the limited private use exemption:

Eligible Usage

The private use of a motor vehicle is exempt from FBT if all of the following conditions are satisfied:

If the vehicle use is incorrectly declared it could cost you, as the employer, thousands of dollars.

Action required

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