Benefit information

Shared car benefits

A shared benefit is where an employer provides one benefit which is shared between two or more employees. If multiple employees use a car during the same FBT year and their use is a car fringe benefit, it is not a reportable fringe benefit. In these circumstances, the car is a pooled or shared car for the FBT year. You don't report any employee's use of the car.
For example, a pool car may be made available for the private use of several employees. Or a car could be provided to an employee who leaves your company, then the car is reallocated to another employee. In both cases this is a shared benefit.

Latest Information

See the ATO website for additional details and the most up to date information:

Employee contributions when sharing a car benefit

Employee contributions for shared vehicle use can be entered in two ways:
  1. Push down: On the
    Details
     tab of the Vehicle benefit workpaper, use the
    Employee Contribution
     column to complete the total of all contributions. The value you enter is ‘pushed down’ to the
    Shared Usage
     tab and allocated depending of the allocation method chosen.
  2. Push up:
     Enter individual employee contributions on the
    Shared Usage
     tab of the Vehicle benefit workpaper. Leave the
    Employee Contribution
     field on the
    Details
     tab blank. The total is 'pushed up' to the
    Details
     tab and appear in the
    Employee Contribution Applied
     column.

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax