Taxation Laws Amendment (FBT Cost of Compliance) Act 1995 (145 of 1995)
Schedule 5 OTHER AMENDMENTS OF THE FRINGE BENEFITS TAX ASSESSMENT ACT 1986
33 Subsection 136(1)
Insert:
"business use percentage, for a car held by a person during a period
(the holding period) in an FBT year, means the percentage worked out
using the formula:
Number of business kilometres travelled by
the car during the holding period
X 100%
Total number of kilometres travelled by the
car during the holding period ".
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