{"id":902,"date":"2026-06-25T06:07:00","date_gmt":"2026-06-25T06:07:00","guid":{"rendered":"https:\/\/dev5.myvtd.site\/amaze\/?p=902"},"modified":"2026-06-25T06:07:07","modified_gmt":"2026-06-25T06:07:07","slug":"fbt-rule-changes-for-electric-vehicles","status":"publish","type":"post","link":"https:\/\/dev5.myvtd.site\/amaze\/fbt-rule-changes-for-electric-vehicles\/","title":{"rendered":"FBT Rule Changes For Electric Vehicles"},"content":{"rendered":"<p>Electric Vehicles, especially below a certain range, would be more affordable for businesses, due to a new change in law for FBT. The Treasury Laws Amendment (2022 Measures No 2) Bill has passed the Parliament and introduces\u00a0<em class=\"x-el x-el-span c2-28 c2-29 c2-3 c2-5s c2-2j c2-2g c2-5t c2-5u\">electric car discounts<\/em>\u00a0as an FBT exemption.<\/p>\n<p><strong class=\"x-el x-el-span c2-28 c2-29 c2-3 c2-5s c2-2j c2-2q c2-5t\">Key Points<\/strong><\/p>\n<p>Car benefit will be an exempt benefit for a year of tax, if:<\/p>\n<p>\u00b7 The car is zero or low emissions vehicle and includes electric or hybrids until 1 April 2025<\/p>\n<p>\u00b7 Initial retail sale price of the car was below the luxury car threshold for fuel-efficient vehicles i.e. $84,916 currently, and<\/p>\n<p>\u00b7 The car is first held and used on or after 1 July 2022<\/p>\n<p><strong class=\"x-el x-el-span c2-28 c2-29 c2-3 c2-5s c2-2j c2-2q c2-5t\">Example Scenario<\/strong><\/p>\n<p>For a customer with<\/p>\n<p>\u00b7 Gross income of $95,000<\/p>\n<p>\u00b7 Using a 36-month novated lease<\/p>\n<p>\u00b7 To buy a 2022 Tesla Model Y<\/p>\n<p>\u00b7 EMI would reduce from $1,863 p.m. to $1,364<\/p>\n<p>\u00b7 Total savings of $29,451 over the lease period<\/p>\n<p>For the employer, in the same example of Tesla valued at $64,000, the company would save $12,500 due to the change in FBT.<\/p>\n<p>However, car fringe benefits that are exempt from FBT will continue to be included in the employees\u2019 individual fringe benefits amount for the purposes of determining the employee\u2019s reportable fringe benefits amount.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electric Vehicles, especially below a certain range, would be more affordable for businesses, due to a new change in law for FBT. The Treasury Laws Amendment (2022 Measures No 2) Bill has passed the Parliament and introduces\u00a0electric car discounts\u00a0as an FBT exemption. Key Points Car benefit will be an exempt benefit for a year of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/posts\/902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/comments?post=902"}],"version-history":[{"count":1,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/posts\/902\/revisions"}],"predecessor-version":[{"id":904,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/posts\/902\/revisions\/904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/media\/903"}],"wp:attachment":[{"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/media?parent=902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/categories?post=902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev5.myvtd.site\/amaze\/wp-json\/wp\/v2\/tags?post=902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}