The ATO Is Still Helping You Buy An EV, But Not For Long!

The Government has changed Australia's EV tax concession. The EV FBT exemption is not disappearing overnight, but it is being wound back. Depending on the price of your EV and when your novated lease starts, the tax savings could be very different. In this video, I explain: ✅ How the EV FBT exemption currently works ✅ Why EV novated leases became so popular ✅ What changed in the Federal Budget ✅ The key dates of 1 April 2027 and 1 April 2029 ✅ Which EVs keep the full exemption ✅ Which EVs move to a smaller tax discount ✅ The Reportable Fringe Benefits trap many people miss Grown-Up Talk: The Fine Print DISCLAIMER - This video is for informational purposes only and should not be considered tax or legal advice. This video does not take into consideration your personal circumstances. Consult with a qualified financial planner, tax advisor or legal consultant before making any decisions regarding your situation. THANK YOU! I’ve done my best to research and share the most accurate information in this video. Anything insightful should be credited to the valuable sources and papers referenced, especially those from CCH. Any mistakes, however, are mine alone. As I'm here to learn and grow, I truly welcome your feedback. If I’ve missed something or made an error, please feel free to leave a comment below or email me at hannah.nguyen.taxsystem@gmail.com. And finally, life is short, and I’m grateful that you chose to spend some of your precious time watching this video and reading these words. Thank you. Time codes 0:00 Intro 1:05 The EV Tax Break Most People Don't Know About 2:15 How big saving on EV works 3:30 What Changed in The Budget? 4:00 EVs Under $75,000 4:30 EVs Above $75,000 5:15 What Happens After 1 April 2029? 5:45 Existing Arrangements Get Protection 6:25 WARNING - The RFBA Trap