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Notes Online Home 2019 FBT Car fringe benefits made simple – avoid mistakes
Fundamentals of car fringe benefits
In this segment of the seminar notes we will explore the fundamentals of car fringe benefits:
- What represents a ‘car’ for FBT purposes?
- When does an employer ‘hold’ a car (referred to as the ‘provider’)?
- When is a car ‘applied’, or ‘deemed to be available for private use’?
- FBT consequences for employers providing ‘exempt’ vehicles
- Summary of circumstances where the car fringe benefit rules do not apply- including the provision of ‘workhorse vehicles’