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
Engine capacity |
Rates per kilometre |
|---|---|
0 to 2,500cc |
49 cents |
Over 2,500cc |
59 cents |
Motorcycles |
15 cents |
Car parking threshold
$8.03