Is your business car available for private use ?

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July 15, 2018
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Is your business car available for private use ?

A car fringe benefit occurs when your business owns or leases a car and makes it available for your employees’ private travel. Don’t forget that directors might also be employees.

Some examples of providing a car fringe benefit include:

  • Directors/Employees using the car for private travel, such as travel between work and home.
  • Garaging the car at or near director’s/employees’ home, which makes it available for private use – even if it is not used privately.

If you’ve purchased a car for your business, you may receive a letter from ATO to help you work out whether you’re providing car fringe benefits. We may help you to comply with the fringe benefit obligations.

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