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Courses/Accounting & Tax/Accounting

Motor Vehicle Ownership & Use: The Income Tax, GST and FBT

Tax Implications of Motor Vehicle Use by Close Companies.

Created byTEO Training
BeginnerUpdated Jan 21, 2025
Motor Vehicle Ownership & Use: The Income Tax, GST and FBT

What You'll Learn

check_circleUnderstand the rules and principles related to motor vehicle ownership and use by close companies.
check_circleIdentify relevant income tax and GST issues associated with motor vehicles.
check_circleEvaluate the tax implications of different financing options, including leases and hire purchase agreements.
check_circleApply the fringe benefit tax rules effectively for passenger vehicles in your business or client businesses.

About This Course

The course will consider the income tax and GST issues of the ownership and use of a motor vehicle by a close company and its shareholder employees.It will cover the rules, important issues, and practical implications.

Specifically, the webinar will consider the following:

  • Different ways to finance a vehicle.
  • The fringe benefit tax rules for passenger vehicles.
  • A worked case study comparing financing under a finance lease, an operating lease, or a hire purchase, and ownership by the shareholder employee or the company.

Suited to:

  • Employers.
  • Corporate Accountants.
  • Any Chartered Accountant wanting a review of the FBT rules for motor vehicles used in their business and/or client businesses.

Your Instructors

TEO Training
TEO Training
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star214 reviews

TEO Training provides practical learning experiences on primarily tax-related topics for accountants, lawyers and business advisors across New Zealand.

Mike Hadwin
Mike Hadwin

Director, Symmetry Advisory

Mike is a regular presenter for TEO Training. You’ll learn from Mike’s 30-plus years of tax experience as a public Chartered Accountant (CA) and facilitator. His clear presentation style enables you to quickly understand and apply practical learning concepts to common situations you may face in your role.

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