FBT Tips for a Post-COVID world
1h 5m CPD time
Difficulty: BASIC
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Paul Hockridge shares his take on FBT and how COVID and the rise in working from home has changed the game.
- How to maximise the statutory formula method for cars?
- What are the FBT implications for electric cars?
- How to take advantage of taxis and ride share FBT exemption?
- How can e-bikes and e-scooters be exempt from FBT?
- Is my $17,999 Hermes Birkin an eligible work-related laptop bag?
- How many portable electronic devices can you claim as FBT exempt
- What about COVID quarantine, medical costs, counselling etc?
- Why are bus fares are FBT exempt but not trains?
Time Stamps
- Greetings 00:00
- House Keeping 02:24
- Introduction to Paul Hockridge 02:51
- Agenda 04:27
- Quiz 08:21
- Importance of Fundamentals 11:14
- Can a Luxury Handbag Be Fbt Exempt (Asking for a Friend)? 16:26
- Transport Exemptions 20:01
- Taxi and Ride Share Exemptions 26:45
- Cars: How to Maximize Statutory Formula Method 36:42
- Which Is More FBT Tax Efficient Under the Statutory Method? Cars or electric cars 44:05
- Medical Exemptions 45:32
- Key Takeaway 51:50
Date of event: 13 April 2022