• Motor vehicles other than cars and cars hired for less than three months

    Details of the FBT treatment of cars and other vehicles can be found in the section titled Type 1: car fringe benefits.

    The taxable value of a residual fringe benefit comprising motor vehicles other than cars can be calculated using one of two methods:

    1. Operating cost method as applies to car fringe benefits.
    2. Cents per kilometre basis.
    Attention

    The ATO issues an annual tax determination that specifies the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for that FBT year. For the FBT year commencing 1 April 2009 it is TD 2009/7.

    End of attention
    Further Information

    For more in relation to these calculation methods, refer to Residual fringe benefits.

    End of further information
      Last modified: 17 Jul 2012QC 21998