Massive change to treatment of FBT on car fringe benefits Editor: The government has announced that it will bring forward the commencement of the emissions trading scheme so that there will be a floating, rather than a fixed, price on carbon emissions from 1 July 2014. As this will affect government revenue, the government has […]
FBT Exempt Vehicles
FBT Exempt Vehicles As described in the Fringe benefits Tax legislation, a ute is an exempt vehicle. This basically means, that as long as the vehicle is used for personal use if it is minor, infrequent and irregular, then there is no Fringe Benefits Tax payable on the benefit provide to an employee. Please look […]
