Novated Lease or Chattel Mortgage - which one saves you more tax?

Описание: This is the simplest explanation you'll find about novated leases and chattel mortgages to help you finance the purchase of your next car. Whether you're an employee or a business owner, there are many tax advantages and disadvantages to both financing options that you should be aware of.

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⏰ Timestamps:
0:00 Introduction
1:33 Novated Lease
1:53 Salary sacrificing a novated lease
2:34 Tax benefits of salary sacrificing
3:11 Other benefits of novated leases for employees
3:55 FBT on novated lease for employers
4:27 How to reduce FBT on novated lease
5:24 Ownership of novated lease
6:01 Chattel Mortgage
6:20 What is a chattel mortgage and how does it work?
6:52 Difference between novated lease and chattel mortgage
7:36 The car cost limit for depreciation and GST
8:24 Interest deductions
8:35 FBT on chattel mortgages
9:17 How to calculate FBT on car fringe benefits
9:57 How to reduce FBT on car fringe benefits
10:28 FBT exemption for electric cars
10:55 Luxury car tax for electric cars

Disclaimer: This video is not intended to be tax, accounting, legal or financial advice. It is for educational and informational purposes only. Consult with a qualified professional to receive tailored guidance for your situation.