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Understanding Novated Leasing
Understanding FBT: - FBT is important to understand. Although it can lower the amount of tax you pay, if you are not careful you may incur extra costs. Your FBT is based on the number of kilometres you are likely to travel during the FBT year. The FBT year is measured from 1 April to 31 March, not on the anniversary of signing your Novated Lease or the Australian Financial Year.