FBT on car??

[Dos]

Hi all,

I am sure there will be an expert on here who knows about FBT on a work car!! I have offered a new position that will involve A LOT of kms too and from work... They have organised to lease a car and give to me to use as the Salary Sacrifice option would cost me about $10k!!

So I am wondering if anyone can give me a formula on how the FBT would work? I have searched the ATO site but can't find a formula....

Thanks!!

Dos

 

[tgarthe]

Dos,

We'll need your salary bracket and expect yearly km's as a start.

Ta

 

[Dos]

Ok so salary will be $75k and it would be at least 50,000kms... Hope that helps...

 

[The Y-man]

http://calculators.ato.gov.au/scripts/axos/axos.asp?CONTEXT=&KBS=FBT_car.xr4&go=ok

The Y-man