Reducing your tax exposure, maximising the opportunities available to you and reducing your risk of an audit by the ATO is in your best interests. With the end of the financial year fast approaching, this update will help you do exactly that.

The Government has announced a staged wind-back of the current FBT exemption for electric vehicles. No changes immediately — the existing full FBT exemption for qualifying EVs continues until 31 March 2027.

2026–27 Federal Budget Report: Key tax, investment and business changes explained, including negative gearing, CGT reforms, instant asset write-offs, trust tax measures and economic outlook insights.

The Government’s review of the Electric Car Discount places current EV tax benefits under the spotlight, prompting businesses and employees to revisit timing and eligibility.

The last few years have been a rollercoaster of instability. Next year 2025 holds hope, but no guarantee of greater stability or certainty.

The FBT year ends on 31 March. We explore the problem areas likely to attract the ATO’s attention.