Taxation Ruling MT 2034 outlines one method of valuing the right to use an employer’s motor vehicle other than a car is to multiply the number of private kilometres travelled by employees in a vehicle during a year by a cents per kilometre rate.
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2020 are as follows:
| 2020-21 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 56 cents |
| Over 2500 cc | 67 cents |
| Motorcycles | 17 cents |
Reference: Taxation Determination TD 2020/3
| 2019-20 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 55 cents |
| Over 2500 cc | 66 cents |
| Motorcycles | 16 cents |
Reference: Taxation Determination TD 2019/3
| 2018-19 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 54 cents |
| Over 2500 cc | 65 cents |
| Motorcycles | 16 cents |
Reference: Taxation Determination TD 2018/4
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2017 are as follows:
| 2017-18 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 53 cents |
| Over 2500 cc | 63 cents |
| Motorcycles | 16 cents |
Reference: Taxation Determination TD 2017/4
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2016 are as follows:
| 2016-17 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 52 cents |
| Over 2500 cc | 63 cents |
| Motorcycles | 16 cents |
Reference: Taxation Determination TD 2016/3
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2015 are as follows:
| 2015-16 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 51 cents |
| Over 2500 cc | 61 cents |
| Motorcycles | 15 cents |
Reference: Taxation Determination TD 2015/6
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2014 are as follows:
| 2014-15 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 50 cents |
| Over 2500 cc | 60 cents |
| Motorcycles | 15 cents |
Reference: Taxation Determination TD 2014/6
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2013 are as follows:
| 2013-14 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 49 cents |
| Over 2500 cc | 59 cents |
| Motorcycles | 15 cents |
Reference: Taxation Determination TD 2013/7
The rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2012 are as follows:
| 2012-13 FBT Year | |
| Engine capacity | Rate per kilometre |
| 0 to 2500 cc | 48 cents |
| Over 2500 cc | 57 cents |
| Motorcycles | 14 cents |
Reference: Taxation Determination TD 2012/6
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This page was last modified 2020-03-25
