|FBT Year Ending||Benchmark Interest Rate||Reference|
|31 March 2015||5.95% per annum||TD 2014/5|
|31 March 2014||6.45% per annum||TD 2013/8|
|31 March 2013||7.40% per annum||TD 2012/7|
|31 March 2012||7.80% per annum||TD 2011/6|
|31 March 2011||6.65% per annum||TD 2010/6|
The benchmark interest rate is used to calculate the taxable value of:
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.
This page was last modified on 26 March 2014