Setting up Novated Lease to be SGC exempt
Good Morning, I have set up a Pre Tax Novated lease code and tried to apply this to the exemptions for SGC but it is not an option. How do I get around this?
Forum Discussion
Hi Kelly77
Thank you for your post, I'd like to extend you a warm welcome to the Community Forum, I hope you find it a valuable resource.
With regards to your concern, Generally speaking, the Novated Lease would be set up as a Salary Sacrifice in AccountRight. I would recommend checking on the ATO to make sure you do assign the correct ATO reporting category. Or if you are unsure of the category, you can seek advice from your accounting advisor.
Let me know if you need further assistance with this, feel free to post again. I am happy to assist you further.
Cheers,
Cel
