• Calculation rates

    The following are the calculation rates for the FBT year 1 April 2014 to 31 March 2015.

    Tax rate

    47.0%

    Benchmark interest rate

    5.95%

    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 1.017

    NSW 1.037

    NT 1.076

    QLD 1.022

    SA 1.024

    TAS 1.010

    VIC 1.020

    WA 1.067

    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

    50 cents

    Over 2,500cc

    60 cents

    Motorcycles

    15 cents

    Car parking threshold

    $8.26

    Last modified: 27 Mar 2015QC 44652