Tag "FBT"

FBT Q&A – HECS-HELP

I have an employee who has been reimbursed for a postgraduate course which has a nexus to his current position. I had previously thought that post-graduates courses were exempt from FBT under the otherwise deductable rule. However I have noticed on his supporting docs the fees have been classified as HECS-HELP.

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Fringe Benefits Tax- Car Parking Fringe Benefits: all-day parking

This interpretative decision outlines the Commissioner of Taxation’s (the Commissioner) view in relation to whether a fee charged by the operator of a commercial parking station for vehicles entering the station from 1.00 p.m. is a fee charged for ‘all-day parking’ as defined in subsection 136(1) of the Fringe Benefits Tax Assessment Act 1986 (FBTAA).

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Is it still viable to salary sacrifice LAFHA?

Where an employee is required to live away from his or her usual place of residence a living-away-from-home allowance (LAFHA) can be provided to the employee. It should be established as a living-away-from-home allowance at the time of commencement in the new location. Provided this is done, an amount that would otherwise be taxable as […]

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FBT Q&A – FEE-HELP and HECS-HELP deferrals

We have a situation where we have paid employees for successfully completing post-graudation courses which have been deferred by the employee through the payment options FEE-HELP and HECS-HELP. In the past if the course was a post graduation course, the employee was unable to defer these costs to any of the HELP Loan options and […]

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Appropriate benefits to salary package for particular employers and employees

Salary Packaging – Appropriate benefits to salary package for particular employers and employees

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FBT Q&A – Guest Speakers and Live Bands at a Social Function

FBT Q&A – Guest Speakers and Live Bands at a Social Function

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NTLG FBT Subcommittee Meeting ‘ FBT Treatment of portable electronic devices

NTLG FBT Subcommittee Meeting – FBT Treatment of portable electronic devices (laptop computers, personal digital assistants, smart phones, iPads, etc)

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FBT – National Tax Liaison Group ‘ FBT Subcommittee Meeting

FBT – National Tax Liaison Group – FBT Subcommittee Meeting

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FBT – reform of the car fringe benefit rule ‘ Post implementation Review ‘ Department of the Treasury

FBT – reform of the car fringe benefit rule – Post implementation Review – Department of the Treasury

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FBT returns – ATO changes due date for tax agents lodging 2014 returns

FBT returns – ATO changes due date for tax agents lodging 2014 returns

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