The following are the calculation rates for the FBT year 1 April 2014 to 31 March 2015.
Tax rate
47.0%
Benchmark interest rate
5.95%
The benchmark interest rate is also known as the statutory interest rate. You use it when calculating loan fringe benefits and the interest component for the car operating cost method.
Housing indexation figures (non-remote)
ACT 1.017
NSW 1.037
NT 1.076
QLD 1.022
SA 1.024
TAS 1.010
VIC 1.020
WA 1.067
Private use of motor vehicle other than a car
Where a vehicle is used extensively for business, use the following rates to calculate the taxable value of a residual fringe benefit from the private use of a motor vehicle other than a car. Calculate the fringe benefit’s taxable value on a cents-per-kilometre basis.
Engine capacity – rates per kilometre
Engine capacity |
Rates per kilometre |
|---|---|
0 to 2,500cc |
50 cents |
Over 2,500cc |
60 cents |
Motorcycles |
15 cents |
Car parking threshold
$8.26
Step-by-tep instructions including examples from a completed return to help you complete each item in the Fringe benefits tax (FBT) return 2015.