FIRSTMATE BLOG: CAPTAINS LOG

Fringe Benefit Tax on Motorcycles12.09.2014

Question
We have a client who wants to bring a Single-Seat Motorcycle onto the accounts of the company.

Will this attract Fringe Benefit Tax on the Motorcycle if brought into the business, or will it be exempt from FBT?

Answer
A motorcycle is considered a vehicle for FBT purposes. Therefore, when owned by a company the motorcycle will be subject to FBT if there is a private use component.

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