FBT Articles

FBT Rebate

FBT Rebate

What is the FBT Rebate? The FBT (Fringe Benefits Tax) rebate is a benefit offered to certain organisations, known as rebatable employers, allowing them to receive a rebate based on a percentage of...

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Exempt Fringe Benefits

Exempt Fringe Benefits

What are Exempt Fringe Benefits?An exempt benefit, often referred to as an "exempt fringe benefit," is a type of benefit that is not subject to Fringe Benefits Tax (FBT). While they are commonly...

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Residual Fringe Benefit

Residual Fringe Benefit

What is a Residual Fringe Benefit?A residual fringe benefit is a type of fringe benefit that occurs when an employer provides their employee with a benefit that doesn't fit into one of the...

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Reportable Fringe Benefits

Reportable Fringe Benefits

What are Reportable Fringe Benefits?Reportable fringe benefits for employees are additional perks or benefits that you receive from your employer, which may need to be reported to the government....

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Property Fringe Benefit

Property Fringe Benefit

Defining a Property Fringe Benefit Property fringe benefits refer to non-monetary benefits provided by employers to their employees, which can include physical items, real estate, or shares in a...

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Entertainment FBT

Entertainment FBT

What is Entertainment for FBT Purposes?Entertainment for Fringe Benefits Tax (FBT) purposes includes the provision of entertainment by way of food, drink or recreation, along with associated travel...

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Loan Fringe Benefit

Loan 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) providing an employee (or an associate of the...

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Housing Fringe Benefit

Housing Fringe Benefit

A housing fringe benefit occurs when an employee is offered a place to live without charging them rent or at a lower cost than usual. This applies when the provided accommodation is where the...

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FBT Rebate

What is the FBT Rebate? The FBT (Fringe Benefits Tax) rebate is a benefit offered to certain organisations, known as rebatable employers, allowing them to receive a rebate based on a percentage of the gross FBT they are liable to pay. This rebate is subject to a...

Exempt Fringe Benefits

What are Exempt Fringe Benefits?An exempt benefit, often referred to as an "exempt fringe benefit," is a type of benefit that is not subject to Fringe Benefits Tax (FBT). While they are commonly called exempt fringe benefits, the FBT legislation officially designates...

Residual Fringe Benefit

What is a Residual Fringe Benefit?A residual fringe benefit is a type of fringe benefit that occurs when an employer provides their employee with a benefit that doesn't fit into one of the predefined categories of fringe benefits. In other words, it's a catch-all...

Reportable Fringe Benefits

What are Reportable Fringe Benefits?Reportable fringe benefits for employees are additional perks or benefits that you receive from your employer, which may need to be reported to the government. Whether or not these benefits need to be reported depends on their total...

Property Fringe Benefit

Defining a Property Fringe Benefit Property fringe benefits refer to non-monetary benefits provided by employers to their employees, which can include physical items, real estate, or shares in a company. These benefits are subject to fringe benefits tax (FBT)....

Entertainment FBT

What is Entertainment for FBT Purposes?Entertainment for Fringe Benefits Tax (FBT) purposes includes the provision of entertainment by way of food, drink or recreation, along with associated travel and accommodation. Importantly, the provision of entertainment is not...

Loan 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) providing an employee (or an associate of the employee or a directed third-party) with a loan (not including a loan of...

Living Away From Home Allowance (LAFHA)

IN THIS ARTICLE Living Away From Home Allowance Versus Travel Allowance Determining 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 Benefit? Maintaining a Home...

Housing Fringe Benefit

A housing fringe benefit occurs when an employee is offered a place to live without charging them rent or at a lower cost than usual. This applies when the provided accommodation is where the employee typically lives. However, these rules don't apply if the employee...

Car FBT

A car fringe benefit occurs when an employer offers an employee the opportunity to use a vehicle for personal reasons, resulting in a taxable benefit for the employee. This applies particularly when:   the vehicle is designed to carry fewer than nine passengers,...