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Tax Robin
Tax Robin, Tax Advisor
Category: General
Satisfied Customers: 194
Experience:  15 plus years International Tax Law, Instructor
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Calculating FBT on Company Car - I am trying to work out

Customer Question

Calculating FBT on Company Car - I am trying to work out the FBT on a company vehicle that will be obtained via a commercial lease. Will be used for both personal and business by one individual? Is it simply the cost of the car x 20% to calc the benefit for the year, x the multiplier 2.14 x 49%?

Submitted: 10 months ago.
Category: Australian Tax