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What is the difference between FBT rebate and FBT exemption?

April 26, 2017difference fbt rebate

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What is the difference between FBT rebate and FBT exemption?

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The FBT rebate is an entitlement to a rebate equal to 48% of the gross FBT payable, subject to a $30,000 capping threshold. An endorsed charitable institution is the only type of charity that can access the FBT rebate concession.