Novated Lease - FBT Rates Guide by Fleetcare

Jayde Ferguson | 6/03/2015 1:29:18 PM

What do Fringe Benefits Tax Rates Mean for Novated Leases? The Novated Lease Fringe Benefit Tax (FBT) has been the talk over the last few years as the rates on company vehicles have increased. Whilst these rate changes in the last four years have had a positive long-term outcome in mind, the initial increases have been a frustrating out of pocket expense for many. Since the release of the initial budget change back in 2011, Novated Lease FBT rates have amplified from 7% to 20%. As a r...

Budget 2013 for the road users of Australia

Rory Deegan - Online Marketing Executive | 21/05/2013 10:59:57 AM

It’s that time of year again, the days get shorter, the animals find their hiding spots for the winter and the fiscal credibility of the federal government is scrutinised on the merits of the commonwealth budget. This year’s budget was, by most accounts, coloured by the intense election year rivalry which has taken over almost every story coming from the capital. This said, there were still some interesting take always to chew on. As we did last year, this week we take a look at the ...

Changing Times - Logbooks and FBT

Michael Hunt and Rory Deegan | 7/09/2012 1:47:15 PM

2011 and 2012 were years of big change in the Australian tax landscape. The headlines were grabbed by new costs on carbon and proposals for mining profits taxes. While all this was happening a major shift also occurred in the area of FBT (Fringe Benefit Tax). In short the new situation will see the rates of FBT flattened to 20% across all kilometre ranges from 1 April 2014. What made the change remarkable was the fact that the previous system actually granted drivers lower rates as a res...

Budget 2012 for the car owner

Rory Deegan - Online Marketing Coordinator | 10/05/2012 10:41:03 AM

There is no getting away from it; the Gillard government is very unpopular at the moment. The Labor party has a primary vote of 27 precent and things are simply not getting any better. With all of this playing on the minds of the Labor front bench, they have conceived what is called the “battlers budget”. While commentators up and down the country analyse the implications in general terms we have taken a closer look from an auto perspective.   The changes In truth t...

FBT (Fringe Benefit Tax) Changes Budget 2011

Rory Deegan - Online Marketing Coordinator | 17/05/2011 1:52:50 PM

This year’s budget change relating to Novated Lease FBT rates on company vehicles has been much talked about since the release of the budget information last week. On our blog this week we wanted to outline these changes for our readers whilst addressing the most common questions relating to the new system. The overhaul will, over a four year time frame, end the lower rates of FBT liability for those who drive in excess of 24,999 kilometres per year. The change to those over th...

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