Free FBT Close Company Vehicle Calculator for New Zealanders
Close companies can choose to apply FBT on a shareholder-employee's vehicle, or treat private use as a deemed dividend. The cost-based FBT method values private availability at 20% of GST-inclusive cost per year.
Your vehicle
$45,000
$
365
days
Election
FBT payable
$5,754
per year (single rate)
Based on a $45,000 vehicle available 365 days, applying FBT.
Annual taxable value (20% × cost × days/365)$9,000
FBT rate63.93%
FBT payable$5,754
About our FBT Close Company Vehicle Calculator
Disclaimer: This calculator is for information only and does not constitute financial advice. Real-world figures may differ due to fees, rounding, rate changes, and policy specifics. Always confirm figures with the relevant provider before signing anything.