The festive season is nearly upon us and that means many organisations will be planning, or have already planned, their end of year break up for staff. The end of year function is unfortunately intertwined with the FBT provisions as it will commonly involve the provision of entertainment to staff and/or others.
As a result of the recent Uber Federal Court decision concerning what constituted ‘taxi travel’ for GST purposes, the ATO is reviewing its interpretation of what is considered a ‘taxi’ for FBT purposes.
Employees being reimbursed for up-front student contribution course fees. Otherwise deductible?
FBT Article ‘ can the reimbursement of an employee’s mortgage payment constitute an exempt living away from home accommodation benefit?
If an employee who is temporarily relocated for work purposes chooses to buy an apartment in the region they have been relocated to as opposed to renting, can the reimbursement of their mortgage payment be exempted from FBT on the basis it is expenditure incurred in respect of living away from home accommodation?