Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)

Schedule 5 OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986

Insert:

"business use percentage, for a car held by a person during a period

(the holding period) in an FBT year, means the percentage worked out

using the formula:

Number of business kilometres travelled by

the car during the holding period

X 100%

Total number of kilometres travelled by the

car during the holding period ".