Section CX 7 — Income Tax Act 2007: Employer or associated person treated as having right to use vehicle under arrangement

CX 7 Employer or associated person treated as having right to use vehicle under arrangement When this section applies (1) This section applies for the application of the fringe benefit tax (FBT) rules to an agreement or arrangement— (a) between an employer, or a person associated with the employer, and an employee, or a person associated with the employee; and (b) transferring to the employer or person associated with the employer a right to use a motor vehicle under terms agreed between the parties. Person treated as having right to use vehicle (2) The employer or associated person is treated as having a right to use the motor vehicle for a period during which the employee— (a) uses the vehicle privately: (b) has a right to use the vehicle privately. Defined in this Act: employee , employer , FBT rules , fringe benefit tax , lease , motor vehicle Compare: 2004 No 35 s CX 6B