MasterNuggets with Meng: Crazy About Cars (and FBT)

In this MasterNugget with Meng, drive thru a case study about cars, salary packaging, and FBT implications.

In this session, we cover:

• Case Study: Income Tax and FBT issues associated with Cars

• Discussion points:

  • Income Tax:

    • Luxury Car Leases

    • Tax Deductibility

    • Depreciation

  • FBT:

    • Operating vs Statutory Formula

    • Logbook requirements

  • Luxury Car Tax

  • GST

Date recorded: 3 March 2025