Calculation rates

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 2013 to 31 March 2014.

Tax rate

46.5%

Benchmark interest rate

6.45%

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 1.045

NSW 1.051

NT 1.030

QLD 1.028

SA 1.031

TAS 1.020

VIC 1.030

WA 1.057

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

Car parking threshold

$8.03