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FBT = fringe benefit tax

You have to do a minimum of 25,000km per annum to slip under the 11% tax threshold on a leased car...

In short if you do 24,600km for example in a year you then have to pay 14.5% tax for the value of the vehicle...

So in my case that's a difference of approx $2000

Meaning if I hit my km's target I pay nothing more, if I don't hit the target I have to pay $2000 extra tax...

Ive never had a problem doing 25k a year... However I just came back from 7 weeks annual leave an did not drive the car at all while away...

So I have a compiled problem once I returned to work... So I needed 2500km on it ASAP...

Now I am within 800km of the disposal target with 9 days to do it... So 100km a day and i'm all sweet now...

\

Seriously? 25000ks?

I did 15000ks in the past 4months.

I usually tend to avg about 4000ks/month give or take.

I should get a lease vehicle for work. =D

I like claiming the maxima\, i mean skyline of tax though. hmm..

Edit: Woot! 50th post!

Edited by Tony350
my 3 year old nephew does 4 weetbix...

i eat bacon... nuf said

Eh, its one of my 5 meals a day, heavy breakie makes for a sluggish start

I'm sorry.......

I just don't like soccer!!

There, I said it :verymad:

So boring

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