Tag "FBT"

FBT Q&A ‘ What is meant by the term ‘payload’ of a vehicle?

The ‘payload’ or ‘carrying capacity’ of a vehicle simply means the maximum load your vehicle can carry as specified by the manufacturer.

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FBT Article ‘ reimbursement/payment of staff ‘working with children check’ costs

Many organisations may have an employee, or employees that, as part of their duties, are required to work with children in some manner. It is a legal requirement for such staff to pass a ‘working with children check’.

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FBT Article ‘ Commissioners draft travel ruling: Part I

The Commissioner of Taxation has recently issued an extensive draft ruling on the deductibility of travel expenses. When finalised the ruling will replace a number of existing rulings on the topic. This article gives an overview of the Commissioner’s approach. In Part II, some commonly encountered factual situations are considered.

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FBT Article ‘ Commissioners draft travel ruling: Part II

The Commissioner of Taxation has recently issued an extensive draft ruling on the deductibility of travel expenses. When finalised the ruling will replace a number of existing rulings on the topic. This article considers some commonly encountered factual situations and complements the overview of travel expense deductibility set out in Part 1.

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FBT Q&A ‘ Otherwise deductible for student amenities fee

What FBT risks arise for an employer paying the student amenity fee for an employee?

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FBT Q&A ‘ Provision of vehicle to two staff members

When does the provision of a car to two staff members qualify for the FBT reporting exemption?

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FBT Q&A ‘ Staff vouchers in excess of $300

Can the minor benefit rule be applied to the provisions of ad hoc gift vouchers to staff even where the value of the voucher exceeds the minor benefit threshold of $300?

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FBT – When are deductions allowed for employees’ travel expenses?

The John Holland Case concerning fly-in fly-out workers resulted in a great victory for the taxpayer in allowing the ‘otherwise deductible rule’ to apply to travel from the airport to the work location of certain fly-in fly-out workers. The significance of the caseis not limited to a specific industry and has wider application. This article […]

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