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  1. H

    Purchasing car with P/L company, 0 business use

    @olaitan Yeah for sure will seek advice. What do you say to the points that @anthonyadrianbell makes though, that basically it will all be moot due to the way FBT reimbursements are charged GST on etc.?
  2. H

    Purchasing car with P/L company, 0 business use

    @olaitan Interesting thank you for that. So are the expenses not also considered another FB, given that I won't be encountering those expenses as part of the business? Also, does this work given that I'm not an employee, I just take dividends? And would I have to switch to being PAYG to make...
  3. H

    Purchasing car with P/L company, 0 business use

    @olaitan Lets say 2.5k for fuel, 1.5k for ins+rego, 1k for repairs? Is this going to be a novated-lease scenario here though, and does that make sense given I'm not PAYG at my own company and will be liable for FBT?
  4. H

    Purchasing car with P/L company, 0 business use

    @olaitan Given that FBT is 47% this will basically never make sense right? Or are there some other factors I need to consider? I wish there was one way I could justify at least some business use but my business is 100% software so, yeah
  5. H

    Purchasing car with P/L company, 0 business use

    I'm in the market for a new car (looking to spend about 30$k) and I'm wondering if there are any advantages to doing it under my P/L (sole shareholder/director) given that I have absolutely 0 business use for it. Would there still be some potential advantage to be had despite FBT? I don't draw a...
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