
TCC 109 - Your Company Work Ute is Not Exempt from Fringe Benefits Tax
This episode of The Chasers Channel tackles one of the most persistent myths in the Australian small business community: the idea that a company ute is automatically exempt from Fringe Benefits Tax (FBT).The ATO is increasingly using AI, toll records, and data matching to catch business owners using "workhorses" as "family taxis".Learn why a dual-cab ute isn't inherently exempt and how the ATO’s mathematical formula determines if your vehicle is built for passengers or loads.The "Safe Harbour" Limits: Understand the strict rules under Practical Compliance Guideline 2018/3, including the 2 km detour limit and the 1,000 km annual cap on private travel.The Cost of Non-Compliance: Discover how failing the exemption tests can trigger the "Statutory Formula," costing you 20% of the car's base value in tax.Building a Paper Fortress: Actionable steps to protect your business, from implementing written company policies to tracking odometer readings every March 31st













