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Australia ends tax exemption for novated lease PHEVs on April 1, 2025, with strict criteria for new vehicles.
In 2025, Australia ends the Fringe Benefits Tax (FBT) exemption for novated lease Plug-in Hybrid Electric Vehicles (PHEVs) on April 1.
To qualify, new PHEVs must cost under $91,387 and have a fuel efficiency of 7.0L/100km or less.
Recommended PHEVs include the Ford Ranger, BYD Sealion 6, and Mitsubishi Outlander PHEV, with the BYD Sealion 6 being particularly affordable and efficient.
Buyers are urged to act quickly to take advantage of the tax benefits.
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Australia pone fin a la exención fiscal para los PHEV de arrendamiento novado el 1 de abril de 2025, con criterios estrictos para los vehículos nuevos.