Eligible Motor Vehicles by Employees

The ATO have released a draft practical guideline on the private use of eligible motor vehicles by employees. Where private use of these vehicles by your employees is limited, some fringe benefits tax (FBT) car-related exemptions may apply.

The guideline explains when the Commissioner will not apply compliance resources to determine if the private travel was limited to travel for the purposes of the car-related FBT exemptions where travel is:
• between employees’ home and workplace; and
• is minor, infrequent and irregular.

When finalised, this guideline will apply from the 2018 FBT year and onwards.

The Guideline

To see the guideline click here. This guideline is open to comment until 9 February 2018.