Fringe Benefits Tax Log Example
Example document for Fringe Benefits Tax Log. Use this as a reference when creating your own.
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Document: Fringe Benefits Tax Log
Example Document
Last updated 7/27/2026
FRINGE BENEFITS TAX LOG
Business Details
Business Name: Smith's Plumbing Services
ABN: 12 345 678 901
FBT Year: 1 April 2023 to 31 March 2024
Section 1: Car Logbook Method
Vehicle Details:
- Make/Model: Toyota Hilux Dual Cab
- Registration: 123 ABC
- Engine Number: 2GD111111
- Odometer Reading at Start of Logbook Period: 10,000 km
- Odometer Reading at End of Logbook Period: 12,000 km
- Total Kilometres Travelled: 2,000 km
| Date of Journey | Start Time | End Time | Odometer Start | Odometer End | Kilometres Travelled | Reason for Journey (Business/Private) | Business Use % |
|---|---|---|---|---|---|---|---|
| 03/04/2023 | 07:00 | 16:30 | 10,000 | 10,085 | 85 | Travel to job sites and client meetings | 100% |
| 04/04/2023 | 07:00 | 17:00 | 10,085 | 10,180 | 95 | Travel to job sites | 100% |
| 08/04/2023 | 10:00 | 11:00 | 10,180 | 10,195 | 15 | Drive to Bunnings for supplies | 100% |
| 08/04/2023 | 17:30 | 18:00 | 10,195 | 10,210 | 15 | Drive from home to restaurant (Private) | 0% |
| 09/04/2023 | 07:00 | 16:00 | 10,210 | 10,290 | 80 | Travel to job sites | 100% |
Total Business Kilometres: 1,970 km
Total Private Kilometres: 30 km
Percentage of Business Use: 98.5%
Section 2: Expense Payment Benefits
| Date of Expense | Employee Name | Description of Expense | Category | Amount ($) | Evidence Reference | Notes |
|---|---|---|---|---|---|---|
| 15/05/2023 | John Doe | Annual plumber licence renewal | Professional Fees | 150.00 | INV-001 | Reimbursed expense |
| 20/08/2023 | Jane Smith | Gym Membership | Recreation | 800.00 | INV-002 | Paid directly |
Section 3: Entertainment Benefits
| Date of Event | Event Type | Location | Number of Employees | Number of Associates | Total Cost ($) | Taxable Value ($) | Exemption Claimed? |
|---|---|---|---|---|---|---|---|
| 15/12/2023 | Christmas Lunch | Local Restaurant | 4 | 0 | 400.00 | 0.00 | Yes (Property benefit < $300) |
| 15/12/2023 | Christmas Lunch | Local Restaurant | 4 | 2 | 600.00 | 200.00 | No (Associates attended) |
Section 4: Declaration
Name: Bob Smith
Position: Director
Date: 01/04/2024
Notes
The logbook period shows high business use. This reduces the taxable value of the car significantly. The gym membership is a fully taxable expense payment benefit. The Christmas lunch for employees only was exempt as a minor benefit, but the portion for associates was taxable.
About this Example
Part of the Fringe Benefits Tax Log document collection
Document Type
Fringe Benefits Tax Log
A record used by employers to track non-cash benefits provided to employees. It helps calculate the taxable value of these benefits for Fringe Benefits Tax (FBT) purposes.