Am I able to salary sacrifice the repayments on a vehicle under the EV / LCT threshold and be exempt from FBT?
I am trying to avoid a novated lease arrangement and the balloon payments.
I am happy to forgo the GST benefits in order to have more freedom in terms of me owning the car and less paperwork for my employer who is a very small business who does not normally offer salary packaging.
As I see it I am getting less benefit but also paying less in admin costs and it is costing the ATO less as they still get the GST.
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172 views1 replies
1 replies
172 views
1 replies