Tag "FBT"

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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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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