FBT Benchmark Interest Rate

 
FBT Year EndingBenchmark Interest RateReference
31 March 20165.65% per annumTD 2015/8
31 March 20155.95% per annumTD 2014/5
31 March 20146.45% per annumTD 2013/8
31 March 20137.40% per annumTD 2012/7
31 March 20127.80% per annumTD 2011/6
31 March 20116.65% per annumTD 2010/6

The benchmark interest rate is used to calculate the taxable value of:

• a loan fringe benefit; and
• a car fringe benefit calculated using the operating cost method.

The Tax Office determines the benchmark interest rate from the standard variable rate for owner occupier housing loans of the major banks published by the Reserve Bank of Australia in the period immediately before the FBT year.

This benchmark interest rate is for FBT purposes, and does not apply to private company loans (Div 7A). The benchmark interest rates for Division 7A purposes are here.

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This page was last modified on 25 March 2015