No logbook is required and no fringe benefits tax is payable.
“It is the most tax-effective way to fund a motor vehicle,” Gerrard says.
The purchase price of the EV must be below $89,332 to qualify, and it must be a new electric vehicle or plug-in hybrid.
If you are looking to purchase a plug-in hybrid under the scheme, you must do so before April 1, 2025, although all other electric vehicles will continue to be eligible after this date.
There are also various state-based…
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