Скачать или смотреть Ep 147: Maximising your EV FBT Benefits as a business owner

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In this episode, Stuart and Mena break down one of the most generous tax perks currently available to employees and employers alike: the Fringe Benefits Tax (FBT) exemption for electric vehicles. With so few genuine “free kicks” in the tax system, understanding how to maximise this benefit is essential for anyone considering a new car or looking to enhance employee compensation packages.


Mena begins by outlining the eligibility rules: the vehicle must be a zero- or low-emissions car, first held and used after 1 July 2022, used by an employee or their associate, and fall below the luxury car tax threshold of $91,387. From there, Stuart and Mena compare financing methods, from outright purchases and chattel mortgages (which offer ~25% tax savings) to novated leases, which can deliver up to 47% tax savings by salary sacrificing the total cost of ownership.


They also explain how a novated lease works, its impact on taxable income, and why it’s often the most tax-effective structure. Stuart closes with practical ways to leverage this exemption, whether for your own car, to incentivise staff, or as a retention tool in your business. If you're in the market for a new EV, this episode is a must-listen.


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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.