Unit 2: FBT and Motor Vehicles - 2024

Dive into FBT and cars & motor vehicles, including valuation methods, logbook requirements, exemptions and more.

In this session, we cover:

• Recap of the case study

• Big myths and current ATO focus

• Electric Vehicles & the FBT exemption

  • Eligibility and application

  • PCG 2024/2

• Motor vehicles

  • Key definitions & Exemptions

  • Exemptions under FBT law vs PCG 2018/3

  • MT 2034 - Private use of motor vehicles other than cars

• Valuation methods

  • Statutory formula method

  • Operating cost method

• Overview of salary packaging with motor vehicles

Dates recorded: 12 April 2024