Advanced Finance
FBT Car Calculator
Calculate Fringe Benefits Tax on a company car using the statutory formula or operating cost method.
How this calculator works
Statutory method: 20% x car cost x (days available / days in year) - employee contribution. Operating cost method: total running costs x private use percentage. Both results are then grossed up and taxed at the FBT rate of 47%.
Original purchase price including GST and dealer delivery
FBT year runs 1 April to 31 March
Kilometres driven for business purposes
Days the car was available for private use in the FBT year
After-tax amount employee contributes towards car costs
Statutory is simpler. Operating cost requires a logbook.
Our pick
Sooez Accordion File Organiser (5 Pocket)
Tax time is easier when your receipts are already sorted.
We independently recommend products. We may earn a commission at no extra cost to you.
To make next tax season easier, the 13 Pocket Expanding Tax File Organiser ($11.98, 4.5★ from 8 reviews) is worth a look. Affiliate link
FAQ
Frequently asked questions
What is the FBT statutory fraction?
The statutory fraction is a flat 20% regardless of kilometres driven (since 2014). The taxable value is 20% x car's cost price x (days available / 365) minus any employee contribution.
When is the FBT year?
The FBT year runs from 1 April to 31 March — it is different from the financial year. FBT returns are due by 21 May (or later if lodged through a tax agent).
What is the FBT rate?
The FBT rate for 2024-25 is 47%. This is applied to the grossed-up taxable value. The type 1 gross-up rate (where GST credits are claimed) is 2.0802, and type 2 (no GST credits) is 1.8868.
Which FBT method is better for cars?
If you do high business kilometres (over 70-80%), the operating cost method usually gives a lower FBT liability. If mostly private use, the statutory method may be similar or simpler. You need a valid 12-week logbook for the operating cost method.
Related
Related calculators
Division 7A Loan Calculator
Calculate the minimum yearly repayment on a Division 7A loan from your company at the ATO benchmark rate.
Open calculatorCapital Gains Tax Calculator
Calculate Australian capital gains tax including the 50% CGT discount for assets held over 12 months.
Open calculatorFuel Cost Calculator
Calculate the fuel cost for a trip based on distance, fuel consumption rate, and petrol price.
Open calculatorDo I Need to Lodge a Tax Return?
Answer whether you need to lodge an Australian tax return based on your income, sources, and circumstances.
Open calculatorLearn
Related articles & guides
HELP Debt Repayment Explained: How Student Loans Work in Australia
Australia's HELP scheme lets you study now and repay later — but the repayment system catches many graduates off guard. Here's exactly how your student loan gets repaid through your tax return.
Read moreThe Power of Compound Interest: Why Starting Early Changes Everything
Compound interest turns modest, regular savings into serious wealth — but only if you start early enough. Here's how it works, with real Australian numbers to make the case.
Read moreCredit Card Debt Payoff Strategies: The Fastest Ways to Get Debt-Free
Credit card interest rates in Australia average around 20% — one of the most expensive forms of debt you can carry. Here are the proven strategies to pay it off faster and save thousands in interest.
Read moreHow Much Can I Borrow? What Banks Actually Look At in 2026
The number your bank will lend you isn't just about your income. It's a formula built from income, debts, expenses, number of dependants, interest rate buffers, and the type of loan. Here's exactly how borrowing power is calculated — and how to improve yours.
Read more