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Notes Online Home 2018 FBT Car Fringe Benefits – the biggest risk, the biggest cost
Fundamentals of car fringe benefits
In this section of the seminar notes we look at the fundamentals of car fringe benefits:
- What is a ‘car’ for FBT purposes?
- When does and employer ‘hold’ a car (referred to as the ‘provider’)?
- A car is either ‘applied’, or ‘deemed’ to be available for private use?
- ATO puts the audit blowtorch on employers providing so called ‘exempt cars’
- Summary of circumstances where the car fringe benefit rules don’t apply – including the provision of ‘workhorse vehicles’