FBT on Motor Vehicles & Car Parking

Navigate the FBT implications of providing motor vehicles and car parking benefits, including exemptions you could use.

In this session, we cover:

• Motor vehicles fringe benefits

  • ATO timeline on motor vehicles

  • Key definitions

  • Electric vehicle exemption

  • ATO and Myths & Misunderstandings

  • Exemptions - Comparing FBT law and PCG 2018/3

  • Valuation of benefits (overview)

  • Pooled cars exclusion

• Car parking fringe benefits

  • FBT thought process

  • Exceptions and exemptions

  • Conditions and key definitions

  • Liability for FBT?

  • Calculating taxable value (overview)

Date recorded: 28 February 2023