Chasing a car FBT exemption? In Australia, eligible zero or low‑emission vehicles—battery electric and hydrogen fuel cell (plus plug‑in hybrids only until 1 April 2025)—can be exempt from FBT if first held and used after 1 July 2022 and priced below the luxury car tax threshold for fuel‑efficient cars.
It applies to employer‑provided cars and novated leases, covering associated running costs; however, home charging stations themselves aren’t exempt.
Even though FBT isn’t payable, if it’s salary‑packaged the benefit is usually reportable on your income statement.
PHEVs in arrangements entered before 1 April 2025 can generally keep the concession for the life of that lease, but new PHEV deals after that date miss out.
As always, check the ATO’s latest guidance or a tax professional before you go shopping for electrons like they’re half‑price Tim Tams.
7Storage and Shipping
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