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Notes Online Home 2019 FBT The ATO’s 2019 FBT audit hot spots
ATO confirms tax sting where employees take employer cars home for security reasons
In this section of the seminar notes we will investigate the ATO confirming the tax sting, where employees take employer cars home for security reasons. In particular:
- When does an employer provide a car fringe benefit?
- Car fringe benefits valued under the statutory formula method (‘SFM’)
- Car fringe benefits valued under the operating cost method (‘OCM’)