Utes And Zero Fbt

[XRTank]

Can anyone confirm whether FBT is payable on company leased utes? I heard a rumour that none is payable. If so, is it restricted to certain industries? I work in IT so I may have trouble proving I cart software in the back of my Pursuit ute

[bs888]

XRTank,

FBT is not payable on most utes regardless of your profession.

It's all on the ATO website.

Cheers, Bazza.

[aniken]

XRTank,

FBT is not payable on most utes regardless of your profession.

It's all on the ATO website.

Cheers, Bazza.

Correct. They are considered 'commercial' vehicles and hence do not attract FBT. Only question then is whether your employer will allow it - mine doesn't allow them for salary packaging, otherwise I would probably have gone the ute instead.

[F6 RAPID]

I work as a BDM in an industry renowned for Audi's, BMW's and the like. Imagine my clients faces when they cop a load of my Citric Acid T - ute. The utes even have hooks behind the seats on the roof for hanging my suit jacket.

Yes, it is fast becoming well renowned!!! :lol:

[Guest Mr Walker]

So you guys are saying that even if you have a novated lease, if you buy a ute there is NO FBT payable?

[junior]

My interpretation is that the vehicle must have a minumium 1000kg load capaciity or be able to seat aleast 9 people to qualify as a a commercial vehicle .

That means that only the one tonne utes are fully commercial

I am trying to find this out urgently and no one seems to be able to inform me. My accountant says that he would not class it as fully commercial but have work mates who's accountants says it is.

Is there any accountants or financial advisors on this forum who can settle this.

Might be better to just change accountants

[forrestd]

there was some discussion on ls1 about this...

Posted by MalooR8: Utes that carry 1 tonne or over are exempt from all of this BUT if you have a ute that has more load carrying area than passenger seating you are exempt some duel cab utes aren't though. I had an arguement with 2 accountants over this as they waved the 1 tonne arguement in front of me. Finally after going through the tax office rulings site and chatting to the tax dept directly have received a ruling that all Expensive Daewoo utes are ok, even though my Maloo will carry approx 380kg.

I am interested in finding out as well. Seems opinion varies, even amongst accountants.

[bs888]

there was some discussion on ls1 about this...

Posted by MalooR8: Utes that carry 1 tonne or over are exempt from all of this BUT if you have a ute that has more load carrying area than passenger seating you are exempt some duel cab utes aren't though. I had an arguement with 2 accountants over this as they waved the 1 tonne arguement in front of me. Finally after going through the tax office rulings site and chatting to the tax dept directly have received a ruling that all Expensive Daewoo utes are ok, even though my Maloo will carry approx 380kg.

I am interested in finding out as well.  Seems opinion varies, even amongst accountants.

One of the many hats I wear at work (gov't) is that of Fleet Manager and this is pretty much what my research showed.

Cheers, Bazza.

[forrestd]

cheers Bazza,

does that mean Joe Bloggs office worker can package a ute and pay zero FBT?

sounds too good to be true!

[bez]

I was told that Expensive Daewoo utes are not exempt from FBT due to their suspension, where as the Ford has the live axle and is.

As if I needed another reason to get the Ford.

I don't know about Joe Bloggs office worker, but if self-employed Joe Bloggs office worker has to transport stuff from one office building to another, he can claim all his expenses, whether it be new tyres or stage IV 390kw engine mods.