Loading
This thread is archived and the information may not be up-to-date. You can't reply to this thread.
JD963(Newbie)Newbie
6 Mar 2023

I have read previous questions stating that novated leased vehicles are not considering to be 'owned or leased' by the taxpayer and that claiming expenses would be double dipping when the lease payments are salary sacrificed from pre-tax salary.

Can I please confirm if this is still the case when lease (and running cost) payments are made from post-tax salary.

It seems confusing when the vehicle is registered and insurance in the employee name and they are paying PAYG on the amount used for lease payments.

I would appreciate a fresh, current update please, I have read teh existing replies on old, slightly different questions. Thanks

500 views
1 replies
500 views
1 replies

Most helpful response

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Mar 2023

You need to find out whether your employer is treating the car as a fringe benefit.


If it is a car fringe benefit, then any expenses incurred by you will reduce the FB value - but no deduction - Sec 51AF.


All replies

Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
6 Mar 2023

You need to find out whether your employer is treating the car as a fringe benefit.


If it is a car fringe benefit, then any expenses incurred by you will reduce the FB value - but no deduction - Sec 51AF.


Loading
Clarification on car expenses for novated lease paid from post tax salary | ATO Community