AUSTRALIAN TAXATION OFFICE | ATO.GOV.AU
'Car fringe benefits' VIDEO TRANSCRIPT

Voiceover: 
	Do you or your employees use a business-owned car for personal purposes? If you, so you need to keep clear and accurate records of use and report any resulting fringe benefits tax, even if the car is a ute or has advertising on it.

Keep a diary or logbook for 12 continuous weeks to get an accurate FBT calculation. 

At the end of each trip record the date, odometer readings, kilometres travelled and the purpose of the journey.

Remember travel between home and work is likely considered personal use and needs to be recorded as such.

Keeping accurate records will help you meet your FBT obligations and determine any related income tax deductions you’re able to claim.

For more information visit our website, www.ato.gov.au/FBT.