The ATO has highlighted that personal use of a work vehicle is a commonly overlooked fringe benefit. It has now issued additional guidance regarding when the FBT exemption applies to dual cab utes.

To qualify for the exemption, two conditions must be met:

1.  The dual cab ute must be an “eligible vehicle,” meaning it is designed to carry:

      a load of one tonne or more, or

      more than 8 passengers (including the driver), or

      a load under one tonne and not primarily designed for carrying passengers.

2.  The vehicle must be used only for limited private use, defined as minor, infrequent, and irregular.

Please contact us directly if you need any help with this.