It is only be exempt from using this will try and we block many cases the statutory fbt method is tax
There know two methods in which novated lease FBT is calculated the Statutory Method and the Operating Cost Method The Statutory method uses the base value of a car beware the basis for calculating the taxable value It assumes that all employee's spend 20 of their end usage for personal use. The hardware Cost Method calculates an FBT concession based on a purchase price of a vehicle This simply incredible that the concession known later the. The Statutory Formula method is the another common method for valuing car fringe benefits as. A Novated Lease Arrangement is a popular way that employers can reward. Quick unit to fringe benefits tax FBT CommBank.