Tag "FBT"

FBT Q&A – Vehicle designed to carry a load of 1 tonne or more

We have recently acquired a dual cab vehicle that we cannot find listed on the ATO’s website as being a vehicle eligible for FBT exemption. How can we determine if the vehicle is designed to carry a load of 1 tonne or more such that it is not considered a car for FBT purposes?

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FBT – Whether exempt residual benefit includes an employee keep fit class

On 7 October 2015, the Commissioner issued ATO ID 2015/25. It states that a residual benefit that arises where an employee participates in a fit…

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FBT: Overseas Conferences & the otherwise deductible rule

Incidences of employees attending work-related conferences in an overseas or exotic location has increased substantially in recent years. <…

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FBT: Dual Cabs & Utes

The FBT Act allows an exemption for certain vehicles provided to employees where th…

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FBT Q&A- Provision of a rental car

Occasionally a company vehicle is submitted for extensive repairs, due to damage from an accident. The employee is provided with a rental vehicle at no cost during the time the vehicle is being repaired. Given that the employee has private use of the vehicle, would the rental car provided be deemed a fringe benefit and […]

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FBT Q&A- Payment of remote area rent

We are an employer located in a remote location. We have made the decision to pay half of a new employee’s private rent. Half the rent will be paid by the employee from after tax wages and we will pay the other half direct to the landlord. Is the portion of rent paid by us […]

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FBT Q&A- FBT and employee Fee-Help reimbursement

Question: Where an employee undertakes a course of study and pays for the course via FEE-Help, to the extent the course of study is…

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FBT: Work related items exemption extended for small business

The FBT exemption that applies to employers that provide employees with work-related portabl…

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FBT: A New Not-for-profit FBT calculator

Where has The PBI, HPC and rebatable employers calculator gone?

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FBT Q&A- Use of Car by Other Employees During Leave Absence

Employee car used by other employees during leave absence.

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