Electric Vehicles

The Australian Tax Office (ATO) has recently established its guidelines on how to calculate the cost of electricity for charging electric vehicles at home for Fringe Benefits Tax (FBT) and income tax purposes. This means that you can now claim 4.2c per km travelled when charging from home. The changes from the draft version include [...]

There is a lot of excitement around the new EV FBT exemption that is about to become law. With the rising cost of living including fuel prices, this could provide significant savings to take a Novated Lease on an Electric Vehicle (EV) or to incorporate them into your business fleet, but there are some parts [...]