FBT Benchmark Interest Rate

 
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:

• 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 26 March 2014