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.
What FBT risks arise for an employer paying the student amenity fee for an employee?
When does the provision of a car to two staff members qualify for the FBT reporting exemption?
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 […]
Can gift cards/vouchers to the value of $300 or more be provided FBT free?