Posted on
18/08/2024
in Novated Lease – FBT exemption
Looking for the best vehicles to get on a novated lease.
For 2024-25, the eligibility criteria for FBT Exemption are:
- A battery electric vehicle, plug-in hybrid electric vehicle, or hydrogen fuel cell electric vehicle.
- A passenger vehicle designed to carry a load of less than one tonne and fewer than nine passengers.
- First held and used after 1 July 2022 (i.e. it was available for use for the first time after this date).
- Valued below the luxury car tax (LCT) threshold which is $91,387 for the financial year 2024/25
The team at novated lease Australia has done the work and, on the link below, you will find a list of all vehicles that qualify for the FBT exemption in 2024-25.
https://www.novatedleaseaustralia.com.au/electric-cars/exempt-from-FBT