Utes And Zero Fbt

[Guest 240zman]

great info guys currently deciding b/w SS Ute, Maloo Ute or XR6T / XR8 ute... Just have to get it through my employer and Custom Fleet which is proving to be fun..

[qwerty]

I didnt think fbt was payable on utes

[Dagabond]

Dug from the grave.

I was looking to confirm Taxation ruling MT2024 on the utes so I could pass on the information to work but it seem's that it's been removed from the ATO site.

Does anyone know if this ruling is still in place or has been altered in anyway?

[baboon]

Taxation ruling list current as at 1 June 2005:

http://law.ato.gov.au/atolaw/view.htm?loci...A2/NAT/ATO'

[Mick Molloy]

I today received a written response from the ATO on this FBT exemption thing.

I asked them to confirm that a regular office worker in the finance industry can claim the FBT exemption for these cars (under the private use conditions of course) under a novated lease arrangement.

Guess what?... it was a bit fat..

YES!

In writing, signed by the deputy commissioner of taxation.

I have since told the salary packaging people, who previously told me I would have to be a 'tradesman' carrying around a bunch of tools in the tray in order to claim the exemption.

They were wrong.

If I took their advice I would be out of pocket $18k over lease term. And they are supposed to be the experts.....  So Joe Programmer working anywhere can take out a novated lease on certain "commercial" cars and effective pay hald the monthly lease payment.......

<{POST_SNAPBACK}>

Can we get a copy of this letter post to this thread please!!!!?

Fleet Australia

[Dagabond]

Read the next post from forrestd he still has it hosted on his server.......

[Chooka]

can someone confirm this is all legit still?

just had a qoute done on a ute and it had FBT?????

Chooka

[Chooka]

I have been told it's not FBT free on a novated lease?

Chooka

[Mick Molloy]

Mick =

Edited 24/01/06 03:29 AM by Mick Molloy