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Employee vehicle leased to employer

Posted 23 June 2015

Dupert says:
25 May 2015 at 11:49

Can a company lease the "employee's personal vehicle" from the employee from Monday to Friday during the month and pay the employee a vehicle rental amount without attracting any fringe benefit tax?

TaxTim TaxTim says:
25 May 2015 at 12:24

Yes you can, provided the rental is equivalent to what the market value of the lease is.

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