Car fringe benefits tax

FBT on a car provided to an employee or director, by the statutory formula. 2026-27 figures, last checked 1 November 2026.

Car's cost including GST (base value)$Days the car was available for private usedaysEmployee's after-tax contribution$Did the employer claim GST on the car?

Taxable value: $12,000
FBT payable: $11,732

Assumptions: FBT year 1 April 2026 to 31 March 2027: statutory rate 20%, FBT rate 47%. Eligible electric cars under the luxury car tax threshold are exempt. The operating cost method can give a lower result with a logbook. Figures for 2026-27. General information and estimates only, not tax or financial advice for your situation. Accounts Bridge is not licensed to provide financial product advice.

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