The following are the calculation rates for the FBT year 1 April 2012 to 31 March 2013.
Tax rate
46.5%
Benchmark interest rate
7.4%
The benchmark interest rate is also known as the statutory interest rate. You use it when calculating loan fringe benefits and the interest component for the car operating cost method.
Housing indexation figures (non-remote)
ACT 1.056
NSW 1.060
NT 1.026
QLD 1.028
SA 1.042
TAS 1.039
VIC 1.040
WA 1.035
Private use of motor vehicle other than a car
Where a vehicle is used extensively for business, use the following rates to calculate the taxable value of a residual fringe benefit from the private use of a motor vehicle other than a car. Calculate the fringe benefit’s taxable value on a cents-per-kilometre basis.
Engine capacity – rates per kilometre
| Engine capacity | Rates per kilometre |
|---|---|
0 to 2,500cc |
48 cents |
Over 2,500cc |
57 cents |
Motor cycles |
14 cents |
Car parking threshold
$7.83