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Re: Deemed Interest - FBT

Devotee

Views 455

Replies 2

Hi , just wondering whether deemed interest needs to be calculated under operating cost method even if the car has been purchased in cash and not financed ?

 

Thank you 

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Devotee

Replies 1

Deemed interest needs to be included, regardless of whether or not the car is financed.  The calculation is to reflect the value to the employee, the employer financing the purchase does not affect that value.

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Most helpful response

Devotee

Replies 1

Deemed interest needs to be included, regardless of whether or not the car is financed.  The calculation is to reflect the value to the employee, the employer financing the purchase does not affect that value.

Devotee

Replies 0

Hi @Glenn4802 , Thanks a lot