16/02/2026
Providing a company car to employees in Australia is a generous, high-value perk, but it often triggers a 47% Fringe Benefits Tax (FBT) liability on the taxable value of the benefit. FBT applies when a car is made available for private use, not only when it is actually used for private purposes
Weekend trips, school drop-offs, or simply parking the car at home overnight can all trigger an FBT liability.
Keeping an accurate, up-to-date logbook ensures your business only pays what it should and stays fully compliant. If yours isn’t current, now is the time to update it!
As registered tax agents, we can help you determine if FBT applies, calculate your liability, and keep your business compliant — so there are no surprises come reporting time.
Secure your appointment now and avoid unnecessary FBT surprises!
📞 0438 980 043
https://shoeboxbooksandtax.com.au/experts/harrisdale/