FBT Rates and Thresholds for 2011–12
The ATO has announced important FBT rates and thresholds for the 2011–12 FBT year that commenced on 1 April 2011. Some of the key rates and thresholds include:
- the benchmark interest rate is 7.80% pa (was 6.65% pa for the 2010–11 FBT year).
- the record-keeping exemption threshold is $7,391 (was $7,190 for the 2010–11 FBT year).
