MasterNuggets with Meng: Car & Expense Payment Fringe Benefits in Practice

Explore how FBT applies to car and expense payment benefits through a hands-on case study.

In this session, we cover: 

• Car fringe benefits (ss 9 – 13 of FBTAA 1986)

  • Statutory Formula vs Operating Cost

  • Exempt Work-related vehicles

  • What is a car?

• Expense Payment Benefits

  • Travel Expenses vs LAFHA

  • Otherwise Deductible

• Exempt Benefits

• Interaction of Div 7A of ITAA36 and FBTAA 1986

  • Benefit in respect of employment vs Benefit provided to “owner” or “ controller”.