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FBT ‘ Car Parking Thresholds for 2017/18
The following car parking threshold applies for the 2017/18 FBT year: Car parking threshold – $8.66 (up from $8.48 in the 2016/17 FBT year). Employers are reminded that any liability…
FBT Q&A ‘ Benefits provided to unpaid volunteers
Question Volunteer workers of our organisation are invited to functions throughout the year. Tickets to these functions are available for sale to the general public. One of the benefits of…
Salary Packaging Q&A ‘ Salary sacrifice of Council gym membership for family members
Question We are a local Council and we allow employees to use the Council owned and operated gym facilities and allow them to salary sacrifice the annual gym membership fee….
FBT Q&A ‘ Short term appointment in remote area: reimbursement of accommodation
Question A new employee has his accommodation expenses reimbursed. The accommodation is a B&B and is not owned or leased by us. The accommodation is in a remote area according…
FBT ‘ Base value of a gifted vehicle
We were recently requested to consider the case of a TaxEd member organisation who had acquired a car by way of gift. That is, no payment was made for the…
Eligibility ‘ Foreign resident capital gains withholding payments ‘ Concession re NFP vendors
On 6 April 2017, the Legislative Instrument PAYG Withholding variation for foreign resident capital gains withholding payments – income tax exempt entities (Legislative Instrument) was registered as F2017L00390. Background Purchasers…
Payroll ‘ PBR on who is an employee for Super Guarantee Purpose
This article looks at a private binding ruling (Authorisation Number: 1013103814672 – ‘the PBR’) that considers whether a person was an employee for purposes of the superannuation guarantee legislation. It…
FBT Q&A ‘ Earliest holding time
Question We recently sold a number of our fleet cars to a leasing company at market value then leased them back from the leasing company. The cars did not leave…
FBT Q&A ‘ When are higher education course fees ‘otherwise deductible’ for FBT purposes?
Question We have had a number of staff take on further higher education study during the FBT year. In all cases study leave under our current study leave policy has…
FBT Q&A ‘ Is there a fringe benefit liability for parking provided to employees who commute using motorcycles?
Question Certain car parking spaces are allocated to employees who commute using motorcycles – does this give rise to an FBT liability? Answer The Division 10A car parking fringe benefits…
FBT Q&A ‘ Treatment of GPS installation costs
Question Several years after a car was purchased, a GPS system was purchased and fitted to the vehicle. Do the costs that are incurred form part of the operating costs…
GST ‘ Interaction between GST and FBT
Income tax laws have been around for a long time, with the current income tax legislation essentially drawn from statutes first introduced in 1936 and 1997 (respectively the Income Tax…