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Notes Online Home 2014 FBT What’s new for FBT in 2014
‘Game changing’ developments with the log book method in 2014
In this segment of the seminar notes we will discuss the latest developments in relation to the log book method. In particular, the following:
- Former Government ‘back flip’ on the Operating cost method
- ATO confirms ‘FBT sting’ with employees who share a company car in a log book year
- New ATO guidelines ‘relax’ the record-keeping rules for car log books
- Recent decision highlights FBT minefield with cars being used for ‘private’ purposes
- ATO decision highlights FBT pitfalls with employees using company cars for a second job