Fbt Electric Vehicles. On 25 november 2022, the senate passed the treasury laws amendment (electric car discount) bill 2022 with amendments. Simply ‘gifting’ an eligible vehicle to an employee will not be exempt from fbt, based on the bill’s current drafting as this would be a ‘property benefit’ and not a.
The cost of fuel, including electricity, is a car expense that needs to be determined for fbt purposes, where either: The purchase price of the motor vehicle must be less than the current luxury car tax (lct) threshold of $84,916 for the 2023 fbt year (including gst) 2.
Here's A Brief List Of Current Models Eligible Under The Fbt Exemption Criteria:
Exemption for the private use of electric vehicles.
Electric Car Fbt Exemption Awaiting Royal Assent.
The electric car discount bill received royal assent on 12 december 2022.
Electric Car Discount Bill Approved.
Images References :
The Treasury Laws Amendment (Electric Car Discount) Act 2022 Was Given Royal Assent On 12 December 2022, Exempting Zero.
The fbt exemption for electric vehicles now makes novated leases considerably more financially viable.
On 25 November 2022, The Senate Passed The Treasury Laws Amendment (Electric Car Discount) Bill 2022 With Amendments.
Electric car discount bill approved.
On The 29Th Of June 2022, The Government Announced A Proposal To Provide An Exemption For Fringe Benefits Tax (Fbt) On Electric Cars From 1 July 2022.