All Entries in the "Novated Lease FBT" Category
Novated Bike Lease and FBT
The good news is – yes you can Novate a Motorcycle Motorbikes are obviously not classed as a car under the FBT Act. They are classed as under “vehicle other than a car” and are therefore a residual fringe benefit as opposed to a car fringe benefit. If an employer provides you with a motorbike, [...]
Novated Lease FBT
Fringe Benefits Tax (FBT) is applicable to all vehicles under a novated lease. There are two types of methods for calculating FBT on a motor vehicle,