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THE EFFECT OF THE FEDERAL ELECTION RESULT ON
Novated Leases - Over Exposed - And Over Rated ?
5 Alerts on non commercial basis car salary sacrificing
Living Away From Home Allowance for Mining Employees
Car Novated Lease Alert

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associate lease advice
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novated lease v's associate lease
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Novated Lease

Novated Leases - Over Exposed - And Over Rated ?

TheSalary Packaging Gurusfully maintainedassociate lease, when in around 60% of the situations, the employee has a suitable associate, theSPG fully maintained associate leasewill usually produce a far superior salary package gain than anovated lease.
 
 Section 136 (1) of the FBTAA, states the " recipient " is " the person to whom the benefit is provided."
 
The ATO confirmed in the NTLG FBT Sub-Committee minutes, that under afully maintained associate leaseagreement, the car benefit is provided to both the employee and associate, both as recipients, which is quite obviously the case.

5 Alerts on non commercial basis car salary sacrificing

FIVE ALERTS ON NON COMMERCIAL BASIS CARSALARY SACRIFICING
 
 
The following scenarios have recently been referred to Bob Millikin, fromSalary Packaging Gurus, by employers, and tax agents, for his thoughts of the eligibility of their structures to be accepted by the ATO as being transacted on an arm’s length and on a commercial basis.
 
A)  $48,000 CAR - VASTLY EXCESSIVE 24 MONTHASSOCIATE LEASERENTALS - IMPLIED RESIDUAL VALUE WAY TOO LOW - INCORRECTLY STATED  LARGE SAVINGS IN RECIPIENTS AFTER TAX PAYMENTS