Home – New Forums Money matters Tax Savings Ahead – FBT Exemption on Electric Vehicles is coming

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  • #1237934
    James Millar
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    Finally the Federal Government is implementing a meaningful method of promoting adoption of EV’s. Legislation was tabled last week with start date 1 July 22. Possible tax savings in order of $5k to $10k per year – that’s not nothing. If you are planning on buying one “stop” and check this out first. There are thresholds. Also some debate on the FBT status of the home charging infrastructure which is not cheap (tax benefits might help). Is a powerwall 2 for the car???? Good question 🙂

    Watch this space.

    It’s your money – don’t pay more tax than you need to.

    • This topic was modified 1 week, 6 days ago by James Millar.
    Helping build better businesses and better lives with expert financial and taxation advice. info@360partners.com.au www.360partners.com.au 03 9005 4900
    #1237936
    Paul – FS Concierge
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    That looks tasty for the cashed-up!

    Thanks for posting James.

    Cheers
    ~Paul

    #1238015
    Beentherize
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    Sounds interesting and tempting enough. I was just thinking about buying an electric car.
    Perhaps someone at the same time will tell me which car is better to choose?

    You can https://essaypay.com/ pay for an essay and be completely sure that the essay will turn out amazing.
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