FAQ: FAQ: Who do the July 2013 changes to Fringe Benefits Tax (FBT) & Novated Leases affect?
FAQ: Who do the July 2013 changes to Fringe Benefits Tax (FBT) & Novated Leases affect?
IMPORTANT INFORMATION - With the change of Government on 7 September 2013, the below information is now incorrect. For up-to-date information regarding Novated Leasing, please click here. You can also submit a quick online enquiry and one of our expert finance consultants will be in touch to discuss the smartest options with you.
The July 2013 changes to the Fringe Benefits Tax (FBT) concerning salary-sacrificed vehicles do not affect existing Novated Lease contracts entered into on or before July 16th 2013, unless they are materially varied.
Any Novated Lease contract entered into or materially varied after July 16th 2013 will be affected by the new FBT rules.