Document ID: chunk:federal_register_of_legislation:C2025C00162:clause:1a_1157l:p1
Version: federal_register_of_legislation:C2025C00162
Segment Type: clause
Provision Reference: sch 1A cl 1157L (pt 1/2)
Character Range: 2341245–2345290

1157L  Value of car fringe benefits
 (1) This is how to work out the value of a car fringe benefit:

      Method statement
           Step 1. Work out the engine capacity of the car and go to the relevant Part of the Car Fringe Benefits Value Table.
           Step 2. Work out how old the car is and go to the appropriate row in the Table.
           Step 3. Work out how many complete months in the appropriate tax year the person had or will have the car fringe benefit and go to the appropriate column in the Table: the number where that row and column intersect is the value of the car fringe benefit.
                  Note: If the person is a member of a couple, the value of the car fringe benefit is to be halved in certain circumstances (see subsection (3)).
 (2) The following Table is to be used in working out the value of a car fringe benefit:

                    CAR FRINGE BENEFITS VALUE TABLE
                    PART A—Car engine size up to 1600cc
                     car age                                 Period of use (completed months)
     item  (years)  1                                        2                                 3     4     5     6     7     8     9     10     11     12
     1.    1        93.8                                     188                               281   375   469   563   656   750   844   938    1031   1125
     2.    2        83.6                                     168                               252   336   420   504   588   672   756   840    923.8  1008
     3.    3        74.2                                     148                               223   297   371   445   520   594   668   742    816.4  890.6
     4.    4        64.5                                     129                               193   258   322   387   451   516   580   645    709    773.4
     5.    5        54.7                                     109                               164   219   273   328   383   438   492   547    601.6  656.3
     6.    6        44.9                                     89.8                              135   180   225   270   314   359   404   449    494.1  539.1
     7.    7        35.2                                     70.3                              105   141   176   211   246   281   316   352    386.7  421.9
     8.    8        25.4                                     50.8                              76.2  102   127   152   178   203   229   254    279.3  304.7
     9.    9        15.6                                     31.3                              46.9  62.5  78.1  93.8  109   125   141   156    171.9  187.5
     10.   10+      5.86                                     11.7                              17.6  23.4  29.3  35.2  41    46.9  52.7  58.6   64.45  70.31

                    PART B—Car engine size 1601cc to 2850cc
11.  1     229      458                                      688                               917   1146  1375  1604  1833  2063  2292  2521   2750
12.  2     210      422                                      633                               844   1055  1266  1477  1688  1898  2109  2320   2531
13.  3     193      385                                      578                               771   964   1156  1349  1542  1734  1927  2120   2313
14.  4     174      349                                      523                               698   872   1047  1221  1396  1570  1745  1919   2094
15.  5     156      313                                      469                               625   781   938   1094  1250  1406  1563  1719   1875
16.  6     138      276                                      414                               552   690   828   966   1104  1242  1380  1518   1656
17.  7     120      240                                      359                               479   599   719   839   958   1078  1198  1318   1438
18.  8     102      203                                      305                               406   508   609   711   813   914   1016  1117   1219
19.  9