Miscellaneous Taxation Ruling

MT 2023A

Fringe benefits tax: taxable value of new demonstrator motor vehicles and used car stock of motor vehicle dealers available for private use of employees

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FOI status:

Notice of Addendum

Taxation Ruling MT 2023 is amended as a result of Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (No. 145 of 1995) which substituted the 18% rate with a 20% in subsection 9(2)(c)(ii)(C) of the Fringe Benefits Tax Assessment Act 1986 .

MT 2023 is amended by deleting the last sentence in paragraph 7, and replacing it with 'This means that the statutory percentage for such vehicles would be 20 per cent in a full year.

Commissioner of Taxation
18 September 1996

References

ATO references:
NO NAT 3/96