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If the car is owned by the employer, then the employee can't claim the costs of the car as a deduction; as the employee isn't incurring the costs. The fringe benefit to the employee is the private usage of the car, which is generally worked out as a percentage of the vehicle's value depending on...

The employer pays FBT, so in most cases it's not worth it for the employer to offer salary packaging. The exception is if the employer is a Public Benevolent Institution or a public hospital. PBIs are allowed $15,450 per year FBT-free, and public hospitals around $8,000 (can't remember the...

If the organisation is registered as a Public Benevolent Institution, the organisation can sacrifice up to $15,450 per year per employee of fringe benefits (car, mortgage, loan repayments etc) without incurring any liability for FBT. Other exempt benefits, such as superannuation, laptop etc are...

Having tried over the last couple of years to get a deposit together to get out of the rent trap, but seeing housing prices soar totally out of control during that time, I'd be popping the champagne corks if I thought there was any prospect of a 25% drop in prices. But a stagnation's the best I...