![]() If the commercial charging station cost is used, the EV home charging methodology cannot be applied.įurther, all necessary records (such as receipts) must be kept to substantiate the claim, as per normal record-keeping rules.The EV home charging rate can be used, but only if the commercial charging station cost is disregarded.However, if electric vehicle charging costs are incurred at a commercial charging station, a choice has to be made: The rate for the FBT tax year or income year commencing on or after 1 April 2022 is 4.2 cents per km (the “EV home charging rate”), which is multiplied by the total number of relevant kilometres travelled by the electric vehicle in the relevant income year or FBT year. However, it can be changed by the employer or individual from year to year. The choice is per vehicle and applies for the whole income or FBT year. ![]() The employer or individual can choose if they want to use the methodology outlined in the draft guidelines, or if they would like to determine the cost of the electricity by determining its actual cost. The draft guidelines may be relied on by employers and individuals who satisfy the required criteria for FBT and income tax purposes respectively, as set out in the draft guidelines. The ATO recently released draft guidelines setting out a methodology for calculating the cost of electricity when an electric vehicle (‘EV’) is charged at an employee’s or individual’s home.
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