FBT: Cents per kilometre basis

The rates to be applied where the cents per kilometre basis is used for the 2017/18 FBT year in respect of the private use of a vehicle (other than a car) are:

Engine capacity Rate per kilometre
0 – 2,500cc 53 cents
Over 2,500cc 63 cents
Motorcycles 16 cents

Editor: The ATO also determined that the small business record keeping exemption threshold for the 2017/18 FBT year is $8,393.

Contact FSA Partners today