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19-07-2013, 01:33 AM | #181 | |||
BANNED
Join Date: Jul 2012
Posts: 2,886
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Quote:
But in my opinion...any FBT would be payable by the employer as the employee is providing a daily storage service to secure the vehicle. Sounds like it may be an example of common sense and mitigation of loss to both employer and tax office against potential theft/vandalism etc. |
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19-07-2013, 01:39 AM | #182 | ||
Petro-sexual
Join Date: Dec 2004
Location: Melbourne
Posts: 4,527
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It won't get to that, I'm not up to my eyeballs in debt. Thanks for your concern.
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19-07-2013, 01:54 AM | #183 | |||
FF.Com.Au Hardcore
Join Date: Feb 2006
Posts: 1,224
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Quote:
A novated lease also helps the world go round. People buy cars, even if we don't exactly 'need' them... This has a flow on of benefits... At my job alone, i know of at least 20 people who have a novated lease... There'd be more too, so there's going to be a big drop of new car turn over with the new FBT rules. Seriously, the 5k i save on tax for my car is not worth leasing the car, i could put it to much better use... BUT, we feel as though it's enough of a saving to warrant that warm fuzzy feeling of a new car every 2-3 years. With no incentive to lease a car, i won't. I may still buy a car every 2-3 years, but i doubt it... Having said, perhaps a positive will be better trade in values, so i might still upgrade.... but when it's tangible cash i see leaving my bank account, it's less likely. |
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