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sophieRCI(Newbie)Newbie
28 Feb 2024

Will my current financial year FBT be above threshold of $15,900 if I package $11925 July to March and 15900 April to June (use next FBTY benefit)?

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Deb_ATO(Community Support)Community Support
4 Mar 2024

Hi @sophieRCI


Nope, not at all. You can use the full capping threshold for each Fringe benefit tax year, even if you haven't been employed for the full FBT year.

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Deb_ATO(Community Support)Community Support
4 Mar 2024

Hi @sophieRCI


Nope, not at all. You can use the full capping threshold for each Fringe benefit tax year, even if you haven't been employed for the full FBT year.

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If I package full next financial year $15900 in April to June, does my current year FBT above limit? | ATO Community