Hi all,
I have a question regarding if FBT exemption is still available if owning 2 eligible EV via Novated Lease.
I have recently purchased a Tesla via Novated Lease and thinking of getting a second Tesla via Novated Lease but wondering if FBT exemption is still available to me or there could only be one EV per person?
Many thanks
R
Hi @OTT1982
That depends. Are you an employer or employee? The eligibility criteria for the Electric vehicle exemption needs to be met. If it is then the employer won't need to pay FBT on the vehicle(s) they provide for private use.
Hi @OTT1982
That depends. Are you an employer or employee? The eligibility criteria for the Electric vehicle exemption needs to be met. If it is then the employer won't need to pay FBT on the vehicle(s) they provide for private use.
Thanks for the reply, I am an employee and the background is that I have an FBT exempted eligible EV under my name via novated lease through my employer, my wife is now looking to return to work after maternity leave and some potential employers are located quite far so she is now needing a car but unlikely to get a car loan due to not currently employed so I am thinking to get a second EV under my name via novated lease but only if the second EV would also be FBT exempted.
Appreciated for your time
Hi @OTT1982
Sounds like you've got this all figured out. As long as you meet the Electric vehicle exemption it can be applied to both cars, as long as your employer allows more than one novated lease.
Many thanks Deb, much appreciated for your input.
22 Apr 2024 · 6 min read time
15 Apr 2026 · 5 min read time
15 Apr 2026 · 4 min read time
2,539 views
4 replies