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  • Calculation rates

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    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

    Last modified: 23 Oct 2013QC 27133