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FBT Cliff

Toyota · SUV

Toyota bZ4X novated lease and the FBT cliff

177days left to commit,
for the dearer variants
Last day: 31 March 2027
  • Treasury draft · not law yet

Commit by 31 March 2027

$10,930 more tax

Estimated, if you commit after 31 Mar 2027 under the draft. Estimate only. General information, not tax advice.

Breakdown
$75,000 to $91,661Toyota bZ4X Touring AWD

Commit by 31 March 2027 to keep the full exemption.

$10,930

Estimated extra tax over a 3-year lease if you commit from 1 April 2027 instead, when the draft cuts the exemption to a 25% discount ($3,640 a year).

177 days left to commit by 31 March 2027

$75,923
$25,000$75,000$91,661$125,000+
Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

Estimated tax effect by when you commit to the lease

If you commitDiscountFBT discountSaved a yearTax saved a year
By 31 Mar 2027100%$4,860
Apr 2027 – Mar 202925%$1,210
From Apr 202925%$1,210

Reportable fringe benefits: about $28,650 a year would appear on your income statement if you commit by 31 March 2027. It isn’t taxed, but income tests such as HELP repayments and the Medicare levy surcharge count it.

Estimate only. General information, not tax advice. It uses 2026–27 tax rates and the FBT statutory formula, and assumes you pay an after-tax contribution to clear any FBT. The rules for commitments from 1 April 2027 are a Treasury exposure draft, not law, and may change. Confirm your numbers with your employer, your novated lease provider or a registered tax agent.

Updated 3 Oct 2026 · every figure links to its source · Some links are referral links; that never changes the order.

The 2WD and AWD are under $75,000 and keep the full exemption until 31 March 2029 under the draft. The Touring AWD sits between $75,000 and $91,661: full exemption only if you commit by 31 March 2027, then a 25% discount. That Touring AWD price is drive-away, though, and the value FBT uses leaves out registration, stamp duty and CTP, so it may turn out to be under $75,000.

$25,000$75,000$91,661$125,000+
Up to $75,000: full exemption for commitments until 31 Mar 2029$75,001 to $91,661: full exemption only if you commit by 31 Mar 2027Over $91,661: no FBT concession

What to know about the Toyota bZ4X

Toyota publishes only drive-away prices for the bZ4X, quoted for postcode 2000: $61,223 for the 2WD, $73,823 for the AWD and $75,923 for the longer bZ4X Touring. Government charges sit inside those numbers, so each car's real value for FBT is lower than shown.

That matters for the Touring. Its drive-away price clears $75,000 by under a thousand dollars, so we file it in the 2027 band, yet once registration, CTP and duty come off its value may well sit under the line. Before deciding whether you need to sign by the end of March 2027, ask the dealer for the itemised figure.

All three share a 74.7 kWh battery. The 2WD goes furthest, at a quoted 591 km, with the AWD at 517 km and the Touring at 488 km. Toyota was also including a home charger offer with the bZ4X, which doesn't change the car's value. The bZ4X is Toyota's only battery-electric car in this list, and its pricing page works from a postcode, so these are Sydney figures; another postcode can move the drive-away price without changing the car's value for FBT.

Toyota bZ4X variants against the lines

Toyota bZ4X at a $100,000 salary

VariantMaker's priceWhere it sitsBy 31 Mar 2027Apr 2027 – Mar 2029From Apr 2029Price source
2WD $61,223drive-away, 2000 Under $75,000 $3,920 $3,920 $980 Toyota, 3 Oct 2026
AWD $73,823drive-away, 2000 Under $75,000 · close $4,720 $4,720 $1,180 Toyota, 3 Oct 2026
Touring AWD $75,923drive-away, 2000 $75,000 to $91,661 · close $4,860 $1,210 $1,210 Toyota, 3 Oct 2026
Estimated income tax and Medicare levy saved each year compared with a car that gets no FBT concession. “Close” means within $3,000 of a line, where dealer delivery, options or on-road costs can move the car across it.

Tax saved a year on the Touring AWD, by salary

Touring AWD, $75,923

SalaryBy 31 Mar 2027Apr 2027 – Mar 2029From Apr 2029Missing the deadline, 3-year lease
$60,000 $5,070 $1,250 $1,250 $11,450
$90,000 $4,860 $1,210 $1,210 $10,930
$120,000 $4,860 $1,210 $1,210 $10,930
$160,000 $5,920 $1,480 $1,480 $13,320
$220,000 $7,140 $1,780 $1,780 $16,060
The last column is the extra tax over a three-year lease from committing just after 31 March 2027 instead of just before. Salaries between $45,000 and $66,667 can show a slightly bigger figure than higher ones, because the low income tax offset phases out across that range.

Estimate only. General information, not tax advice. It uses 2026–27 tax rates and the FBT statutory formula, and assumes you pay an after-tax contribution to clear any FBT. The rules for commitments from 1 April 2027 are a Treasury exposure draft, not law, and may change. Confirm your numbers with your employer, your novated lease provider or a registered tax agent.

About these prices

  • 2,509 Toyota bZ4Xs were sold in Australia from January to August 2026. (CarExpert Sales Atlas, VFACTS and EV Council data, checked )
  • Prices are the maker’s own: drive-away for postcode 2000. The value FBT uses includes dealer delivery and options but not registration, stamp duty or CTP.

Getting a quote for a Toyota bZ4X

Check that your employer offers novated leasing, then ask a provider to quote the exact car, with delivery and options, and to confirm the date your commitment becomes binding. These providers offer novated leases; we list them alphabetically and don’t rank them.

We compare only the 5 providers listed here, not the whole market.

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