FBT

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Special Edition

Member Q&A: Volunteer reimbursements

What are the FBT implications of giving reimbursements to volunteers?

Imported second hand EVs and the FBT exemption

We are getting a lot of questions regarding the scope of the FBT exemption for electric vehicles (EVs). An interesting...

Member Q&A: Charging employee private vehicles at work

The rise of e-vehicles also raises the questions about what are the FBT implications (if any) of employees charging their...

ATO threaten crackdown on ‘workhorse’ vehicles!

The ATO has recently stated their concerns with certain 'tradie' type vehicles. The concern is that such vehicles provided to...

Living away from home: Regular and rotational requirement

What does "regular" and "rotational" mean according to the ATO? How will this affect FIFO/DIDO living away from home benefits...

Employee travel insurance policy cost – otherwise deductible?

Is an employee's travel insurance expense covered by the otherwise deductible rule? See our summary of the ATO's reasoning.

The Bechtel case: FIFO travel not otherwise deductible

The recent decision of the Bechtel case provide an opportunity for employers to review employee fly-in fly-out or rotational work...

Updated FBT rates and thresholds

As the 2023/24 FBT year commences it is always important to monitor changes to relevant rates and thresholds. Here are...

FBT compliance record keeping simplifications

Four more proposed FBT compliance record keeping simplification measures have been announced. Here is our summary of what they are...

Member Q&A: Cost of a band at end of year function, 50/50 method

End of year functions with entertainment. Find out exactly what is covered under the 50-50 meal entertainment rule.

Member Q&A: FBT car exemption – modification of passenger cars

Our Fleet Department purchase passenger vehicles from a dealership, to be modified. The modified vehicle will have seating capacity for...

ATO updates: Electric vehicles and car parking ruling TR 2021/2

The ATO has released more detailed public guidance on the new electric vehicle FBT exemption and finalisation of TR 2021/21....

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