Chris Costello
Fringe Benefit Tax Exemption for Novated Leases on Plug-In Hybrid Electric Vehicles Ending in April 2025: What You Need to Know
The Fringe Benefits Tax (FBT) exemption for novated leases on plug-in hybrid electric vehicles (PHEVs) is set to end in April 2025, marking a significant change for Australians who may be considering this cost-effective, environmentally conscious vehicle option. With the right timing, however, Australians can still take advantage of this tax benefit before it’s phased out. Here’s a closer look at the implications of...