An employee’s private use of an electric car provided by an employer may soon be exempt from FBT if the newly introduced legislation receives Assent. This measure was a part of a suite of energy policies taken to the election by the Labor party, which its hoped will increase the uptake of electric cars. To qualify, the car will need to be a zero or low emissions vehicle below the luxury car tax th reshold, as well as being held and taken to be available for use after 1 July 2022. Zero or low emission vehicles in use prior to 1 July 2022 will not be eligible.
Click to read our article: Electric cars to be exempt from FBT. (1.00 MB PDF)