Electric Vehicles & Tax Webinar 2023

Recorded 11 May 2023. Getting electric cars right - the calculations, deductions, and tax implications in practice.

Recorded 11 May 2023

The take-up of electric vehicles in Australia has increased exponentially in recent years creating a number of new tax issues for clients and their advisers. Until recently, there has been a lack of clear guidance but this has started to change.

The Electric Vehicles & Tax webinar covers the key tax issues that need to be considered when clients are thinking about buying or leasing an electric vehicle. We look at the detail of how the brand new ATO shortcut method for calculating electricity costs for charging an electric vehicle works in practice and the records that need to be kept in order to stay under the ATO’s radar.

We also look at the latest guidance and emerging issues relating to the FBT exemption for electric cars. As clients continue to explore opportunities for salary packaging electric cars in a tax-effective manner, it is important for advisers to be across the detail to ensure that these arrangements provide clients with the best possible tax outcome.

Total 1.5 CPD Hours

Michael Carruthers

Tax Director, Knowledge Shop

Michael is an adviser, author, in demand presenter, mentor to Knowledge Shop’s technical team, and is well known for his capacity to translate highly technical information into tangible and useable advice for the profession. He has a knack for seeing through the complexity and helping advisers work through highly technical issues with certainty and accuracy.   

Michael works with advisers every day to help them negotiate and implement the constant tide of change impacting the industry. He was a long-term member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.  

He was also an expert panel member for the Board’s review of tax impediments facing small business.