Tag "FBT"

FBT Q&A ‘ FBT return amendment rules

Discovering an error in your FBT paperwork – whether favourable or unfavourable – leads to the question as to whether the lodged FBT return can be amended to account for the error?

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FBT Q&A – Gift cards and vouchers valued at $300 or more

Can gift cards/vouchers to the value of $300 or more be provided FBT free?

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FBT ‘ Ticket to ride!

If an employer is provided with tickets to an event and gives these to staff, will a FBT liability always arise?

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FBT ‘ Car Parking Thresholds for 2017/18

The ATO has released the car parking threshold for the 2017/2018 FBT year.

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FBT Q&A ‘ Benefits provided to unpaid volunteers

If a volunteer worker is in receipt of benefits, does a FBT liability arise?

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FBT Q&A ‘ Short term appointment in remote area: reimbursement of accommodation

Can the remote area housing exemptions/concessions apply where an employee is based in a remote area on a short term assignment?

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FBT ‘ Base value of a gifted vehicle

The concept of base value for car fringe benefit purposes centres on the cost price of the car. But, what if an employer incurs no cost in acquiring a car?

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FBT Q&A ‘ Earliest holding time

In a sale and lease back transaction of fleet owned vehicles does a change to the ‘earliest holding time’ occur?

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FBT Q&A ‘ When are higher education course fees ‘otherwise deductible’ for FBT purposes?

If we encourage our staff to take on further higher education study, does this mean the course fees are ‘otherwise deductible’?

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FBT Q&A ‘ Is there a fringe benefit liability for parking provided to employees who commute using motorcycles?

Certain car parking spaces are allocated to employees who commute using motorcycles – does this give rise to an FBT liability?

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