Car fringe benefits: Recipient payments received after FBT year-end but before lodgement. What can I do?

Can the taxable value of a car fringe benefit be reduced by a recipient’s payment that has been made after the end of the Fringe Benefits Tax (FBT) year but prior to the lodgment of the FBT return?

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Disclaimer: This article is based upon information available as at the time of publishing and may be subject to change.