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FBT in 2023

Fringe benefits tax (FBT) is one of Australia’s most disliked taxes because it’s cumbersome and generates a lot of paperwork. A fringe benefit is a ‘payment’ to an employee or an associate (an associate is someone related to…
electric car FBT

Who can get the new electric car tax concession?

New legislation before Parliament, if enacted, will make zero or low emission vehicles FBT-free. We explore who can access the concession and how. FBT free electric cars Electric vehicles (EV) represent just under 2% of the new car market…

The truth about 0% car finance offers

Seen an offer along the lines of: ‘Drive away, 0% finance to pay’? Well, like most things in life, when it sounds too good to be true, it probably is. Finance offers like 0% (or other low interest rates) for new cars exist for a reason:…