Stuck in Auckland

Coming removal of prior exempt Utes and trucks

Calculate the FBT and ensure you have not already breached the exemption

MrsFychan

Thanks for explaining, could you please give a bit more clarification on the post, cheers

Stuck in Auckland

Previously work related vehicles were exempt from FBT (Fringe Benefit Tax) on basis they were only used minority for personal use.

This is looking to change shortly with the exemption being removed and hence additional tax liability to be wary of.

Very little sympathy to white collar workers driving double cab utes. Especially when most of time its towing a boat or caravan.

Bo-Jangles

IRD rules at present are pretty clear that FBT is due by the employer if a work vehicle is 'available' for private use. Whether used or not.

The exemption only really applies if the car is badged up and the employee is 'prohibited' from using the vehicle for personal use; it seems that most must simply do the and ignore it otherwise there wouldn't be half the number of shiny, polished utes out on the road that there are.

Stuck in Auckland

employers chargeback to employees fbt.