FBT: Cents per kilometre basis
The rates to be applied where the cents per kilometre basis is used for the 2017/18 FBT year in respect of the private use of a vehicle (other than a car) are:
|Engine capacity||Rate per kilometre|
|0 – 2,500cc||53 cents|
|Over 2,500cc||63 cents|
The ATO also determined that the small business record keeping exemption threshold for the 2017/18 FBT year is $8,393.