How do I claim a car allowance while in possession of a company car and fuel card?


Posted October 16th, 2010 by admin 1 Comment »
car
Ray asked:


I get paid a car allowance on top of having a fully paid for company car with fuel card supplied. This the flat rate across the board regardless of vehicle ownership. I read electricity meters all over the countryside.

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Posted in Australia | 1 Comment »

How can I calculate whether a car fringe benefit is a minor benefit?


Posted May 11th, 2009 by admin 1 Comment »
car
anonymous asked:


I was wondering how to determine whether a car benefit provided to an employee is minor because the tax ruling on this tends to contradict itself. It says to use notional taxable value as if it was a residual benefit, but then continues on to say that we can use the cents per kilometre (which should only be used for a vehicle other than a car) or the operating cost method.
I understand that if it is classified as a minor benefit it is exempt and in turn included as business use when calculating the taxable value of the benefit using either operating cost or statutory cost method.

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Posted in Australia | 1 Comment »