Car fringe benefits tax

Calculating your car FBT obligation using the operating cost method

When you have all the information you need from your records, take that information to the ATO’s FBT car calculator. These videos demonstrate how to use the calculator for the 3 different circumstances. Which video shows your situation?

Total operating costs – car owned or leased

Breakdown of operating costs – car leased

Breakdown of operating costs – car owned

Fringe benefits overview

3 mins

Benefits provided to employees	0%
Types of fringe benefits	0%
FBT obligations	0%
Fringe benefits tax – a guide for employers	0%
Activity	0%

Reducing your FBT liability

3 mins

Providing a cash bonus	0%
Using employee contributions	0%
Providing benefits that are income tax deductible	0%
Providing benefits that are exempt from FBT	0%

Providing a car fringe benefit

7 mins

Deciding if you’re providing a car fringe benefit	0%
What is a car?	0%
Exempt cars	0%
Held by employer	0%
Private use and availability	0%
Car fringe benefits decision-making	0%
Car FBT calculation methods	0%
FBT car calculator	0%
Activity	0%

Operating cost method

20 mins

Information required if you lease the vehicle	0%
Information required if you own the vehicle	0%
Keeping a logbook record	0%
Calculating your car FBT obligation using the operating cost method	0%
Completing your fringe benefits tax return	0%
Activity	0%

Statutory formula method

11 mins

Information required	0%
Calculating your car FBT obligation using the statutory formula method	0%
Completing your fringe benefits tax return	0%

Car fringe benefits records

1 mins

Car fringe benefits records	0%

Related courses

1 mins

Related courses	0%

Course Feedback

Course Feedback	0%