Sarah and Trevor, as Directors of Fast Cars Pty Ltd as Trustee for the Fast Family Trust, have asked to meet with you to obtain some tax advice regarding the trusts business.

i. Sarah and Trevor need a new car and would like to take one of the cars from the yard rather than buy one from another dealership. They want to know what the tax consequences might be.

ii. Sarah and Trevor wish to provide a car as part of the salary package for their most senior salesperson and they want to know what the tax consequences might be.