FBT Articles

Contents What is the FBT rebate? Who qualifies for the FBT rebate? Entities not eligible for the FBT rebate FBT rebate percentage and capping threshold Separate cap for salary packaged entertainment benefits Calculating the aggregate non-rebatable amount for FBT...

Contents What are exempt fringe benefits? Transport exemptions: private use of cars Dual cab vehicles: work related use exemption Unregistered vehicles and personal services entities: FBT exemptions Car expense reimbursements Public transport benefits Motor vehicles –...

Contents What is a residual fringe benefit? Timing of receiving residual fringe benefits Taxable value of residual fringe benefits In-house residual fringe benefits External residual fringe benefits Reducing taxable value using the otherwise deductible rule The...

Contents What are reportable fringe benefits? Benefits subject to reporting Excluded fringe benefits Pooled or shared cars Individual fringe benefits amount Reportable fringe benefits amounts Why include RFBA in STP reporting When an employee leaves employment...

Contents Defining a property fringe benefit Taxable value of a property fringe benefit Taxable value for in house property fringe benefits Valuation of goods manufactured or produced Valuation of goods purchased and sold Valuation of external property fringe benefits...

Contents What is entertainment for FBT purposes? Meal entertainment fringe benefits Taxable value of meal entertainment fringe benefits What is recreational entertainment? Record keeping Reduction in taxable value of entertainment What is entertainment for FBT...

Contents Loan fringe benefit Taxable value of a loan fringe benefit Reduction in taxable value Debt waiver fringe benefit Loan fringe benefitWhat is a loan fringe benefit? A loan fringe benefit involves an employer (or an associate or third-party under an arrangement)...

Contents What is a living away from home allowance? Living away from home allowance versus travel allowance Eligibility for a living away from home allowance Steps for administering LAFHA payments to employees How to calculate the taxable value of a LAFHA fringe...

Contents What does accommodation mean? Steps to take when providing a housing fringe benefit Taxable value of the housing fringe benefit FBT benefits and travel assistance in remote locations A housing fringe benefit occurs when an employee is offered a place to live...

Contents Exemptions from fringe benefits tax Distinguishing private use from business use Private usage and FBT implications Business use What to do when providing a car fringe benefit Car leasing and FBT How to calculate the taxable value of a car fringe benefit...