Do I Pay GST on a Novated Lease Car? The simple answer is NO ! By Australian Tax law the leasing company must pay the dealership the GST included in the purchase. However the leasing company is then free to claim 100% of the GST payment from the ATO. So the amount you finance for… Read more
FBT on a Novated Lease The calculation for FBT on a Novated Lease is now a simple 20% of the value of the vehicle before government registration and stamp duty. There are no longer restriction on how many km’s you need to travel. This means that for most Australian’s paying more than 20% marginal tax… Read more