Pursuit Reincarnation Dog
Join Date: Apr 2001
Location: Melbourne VIC
Re: FBT on a sedan Vs' Ute
There is a tax ruling that covers this but you will still have to justify your compliance with the rule, namely that the vehicle is used in majority for work travel and business. You must meet a "reasonable" or "best" estimate of kilometers travelled and this can be done by a Residual benefit Declaration.
Talk to your accountant before assuming there's no FBT and make sure this same accountant will set up the requisites to defend any tax office audits.
BA'1.5' Pursuit 290
Lightning Strike / Reflective Orange Stripes
'General' Dog - AP's German Shepherd and Best Mate - 02Dec1998-15Dec2003.
'Pepper' Dog - General's and My Little German Shepherd Sweetie - 1996?-02Apr2006.
'Sako' Dog - My Beautiful and Pretty German Shepherd - 2001?-23Aug2006.