{"id":493194,"date":"2026-02-20T21:08:12","date_gmt":"2026-02-20T21:08:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/493194\/"},"modified":"2026-02-20T21:08:12","modified_gmt":"2026-02-20T21:08:12","slug":"wa-businessmans-efforts-to-avoid-fringe-benefits-tax-bill-on-350000-work-ferrari-rebuffed","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/493194\/","title":{"rendered":"WA businessman\u2019s efforts to avoid fringe benefits tax bill on $350,000 \u2018work\u2019 Ferrari rebuffed"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" alt=\"Hannah Murphy\" data-testid=\"author-avatar-image\" height=\"64\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/9c76500446df03c29d9779d8a7e8378f0e766e7cbfc805d820e1b88c1e6837fb.png\"  width=\"64\" class=\"sc-9a01536c-0 cJPmxL\"\/><\/p>\n<p data-testid=\"article-datetime\" class=\"sc-5cbbddda-5 jMFiFd\">February 20, 2026 \u2014 1:06pm<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 NcyxX\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.watoday.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 kfUMNO cdQiAR\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p class=\"sc-369d9219-1 eGTSJh\">Save this article for later<\/p>\n<p class=\"sc-369d9219-2 crcSSW\">Add articles to your saved list and come back to them anytime.<\/p>\n<p>Got it<\/p>\n<p>AAA<\/p>\n<p>A Perth tax agent has been accused of fabricating logbooks and lying about money he was given in his mother\u2019s will as he claimed a $350,000 Ferrari bought through work was exempt from fringe benefits tax, with a tribunal finding he instead used the car to take his girlfriend on trip\u2019s to Western Australia\u2019s premier wine region.<\/p>\n<p>The Administrative Review Tribunal dismissed an appeal by the man and his firm this week, after an audit by the Australian Taxation Commissioner uncovered fringe benefit tax liabilities relating to a Ferrari California bought in 2013 for the man to drive to and from work, and to visit clients across Perth\u2019s metropolitan area.<\/p>\n<p><img decoding=\"async\" alt=\"The Ferrari California was a 2010 model bought second hand.\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/02\/b2725229ed9252f8f8c6c65552c7a58d63e649b6.jpeg\"  class=\"sc-d34e428-1 bnWZMz\"\/>The Ferrari California was a 2010 model bought second hand.Gary Medlicott<\/p>\n<p>The man\u2019s name has been kept private due to a confidentiality order, and he has been referred to throughout a decision published this week as \u201cMr Jones\u201d.<\/p>\n<p>The tribunal heard the man\u2019s firm \u2013 of which he is the sole director \u2013 bought the 2010 model second-hand for about $346,000 plus costs in 2013, and it was never registered as a fringe benefit.<\/p>\n<p>Mr Jones asserted he never used the car for private purposes and never used it to carry passengers \u2013 meaning it was ultimately a car he used just for work.<\/p>\n<p>However, the tribunal found logbooks of the car\u2019s kilometres kept over the years didn\u2019t match up with the mechanic where the car was often serviced.<\/p>\n<p>On one occasion, the logbook recorded Mr Jones had driven 50 kilometres from his home to his office in Marmion, in Perth\u2019s northern suburbs, when his diaries indicated he was actually in Sydney.<\/p>\n<p>According to the decision, GPS maps also showed Mr Jones frequently overestimated how far it was from his house to his office, and Administrative Tribunal deputy president Clare Thompson SC ultimately threw the logbooks out as evidence.<\/p>\n<p>\u201cSpecifically, I have found that the logbooks were fabricated for the purposes of the applicant\u2019s dispute with the commissioner, and his written statements were deliberately misleading as to the accuracy of the logbooks,\u201d she said.<\/p>\n<p>\u201cThis causes me to have grave doubts as to the overall reliability of what Mr Jones has said in evidence other than when it is against his interest.<\/p>\n<p>\u201cFor example the evidence of him taking his girlfriend as a passenger to Margaret River.\u201d<\/p>\n<p>While Mr Jones\u2019 firm argued his use of the car was \u201cminor, infrequent and irregular\u201d, Thompson said Mr Jones had conceded under questioning he used the car more frequently than originally admitted.<\/p>\n<p>During evidence, Mr Jones told the court he would travel once a year to Margaret River, Bunker Bay and Busselton \u2013 holiday destinations in the heart of WA\u2019s premier wine region \u2013 where he had rental properties, to conduct inspections.<\/p>\n<p>\u201cApart from monitoring my investments, a small portion of the time down south would involve having lunch at some wineries,\u201d he told the tribunal.<\/p>\n<p>The tribunal also found Mr Jones had lied about how the firm bought the car and paid off its payments, saying he had used money he had been gifted when instead the car had been purchased using a loan.<\/p>\n<p>\u201cMy dearly departed mother very kindly left me some funds in her will which was used for the deposit,\u201d he told the tribunal.<\/p>\n<p>Thompson found that statement was \u201cplainly designed to evoke some sympathy\u201d, but said it showed the man was \u201ccynical and scheming\u201d.<\/p>\n<p>Thompson upheld the commission\u2019s remaining findings, and rejected the firm\u2019s claims the car was ultimately a work vehicle.<\/p>\n<p>The matter was dismissed.<\/p>\n<p>Start the day with a summary of the day\u2019s most important and interesting stories, analysis and insights. <a class=\"inline-link\" href=\"https:\/\/www.watoday.com.au\/newsletter-signup?newsletter=am&amp;utm_source=EditorialArticle&amp;utm_medium=ArticleText&amp;utm_campaign=Newsletters\" rel=\"nofollow noopener\" target=\"_blank\">Sign up for our Morning Edition newsletter<\/a>.<\/p>\n<p>Save<\/p>\n<p class=\"sc-d1b14060-4 NcyxX\">You have reached your maximum number of saved items.<\/p>\n<p>Remove items from your <a href=\"https:\/\/www.watoday.com.au\/goodfood\/saved\" class=\"sc-3f16ee48-12 sc-d1b14060-2 kfUMNO cdQiAR\" rel=\"nofollow noopener\" target=\"_blank\">saved list<\/a> to add more.<\/p>\n<p>From our partners<\/p>\n","protected":false},"excerpt":{"rendered":"February 20, 2026 \u2014 1:06pm Save You have reached your maximum number of saved items. Remove items from&hellip;\n","protected":false},"author":2,"featured_media":493195,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-493194","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/493194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=493194"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/493194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/493195"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=493194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=493194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=493194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}