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Notes Online Home 2019 FBT What’s new for FBT in 2019
NEW ATO guidelines for FBT-exempt ‘workhorse’ vehicles
In this segment of the seminar notes we will discuss new ATO guidelines for FBT-exempt ‘workhorse’ vehicles. More specifically:
- General principles on when a workhorse vehicle is exempt from FBT
- Other conditions that must be satisfied before a workhorse vehicle is exempt from FBT
- New ATO guidelines provide FBT lifeline for employers providing workhorse vehicles
- ATO confirms FBT windfall for employees packaging workhorse vehicles
- NTAA checklist summarises circumstances when workhorse vehicles are eligible for the FBT exemption