FBT: Cents per kilometre basis 2017/18
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 |
Motorcycles | 16 cents |
Editor: The ATO also determined that the small business record keeping exemption threshold for the 2017/18 FBT year is $8,393.