FBT

FBT

Salary Packaging

Special Edition

FBT Q&A ‘ Is there a FBT limit for alcoholic drinks when an employee is travelling on work?

Question Employees are reimbursed for meals and 2 standard drinks as part of our general policy when dining while travelling...

FBT Q&A ‘ Purchase of exempt vehicle v ordinary sedan

Question We are considering the purchase of a new vehicle, where it is intended that the driver of the vehicle...

FBT Q&A ‘ Reimbursement of drivers licence fees

Question Are there any fringe benefits implications for reimbursement of the cost of annual driver’s licence renewal fees? Does it depend...

FBT Q&A ‘ Are closing odometer records still required to be kept when valuing car fringe benefit taxable values?

Question We provide car fringe benefits to our staff and we require them to keep a log book so as...

FBT ‘ Corporate bailment agreement; availability for private use

A car fringe benefit is provided if, at any time on a day, a car owned or leased by the...

FBT Q&A ‘ Log book ‘purpose of journey’ description

Question: We utilise the operating cost method to determine our car fringe benefits liability. We are experiencing difficulties with obtaining...

FBT Q&A ‘ Pooled car: use of car by two or more employees

Question: We provide a car to an employee to enable them to commute between home and work. During the day...

FBT Q&A ‘ Are mayors and councillors employees for FBT purposes?

Question: Could benefits provided to local government Mayors and Councillors be subject to fringe benefits tax? Answer: An employee for...

FBT Q&A ‘ Whether the work of Councillors with home office and hot desk in Council Chambers is itinerant

Question: The following question is asked in the general context of whether car logbooks should treat trips from a councillor’s...

FBT Q&A ‘ Council access to minor benefit exemption (s. 58P)

Question: In relation to s. 58P exemption (minor benefit), can you please clarify when a Council can utilise this? Currently,...

FBT Q&A ‘ Application of s. 58X (provision of certain work related items) where supplemental warranty purchased

Question: For each of the following scenarios, can you please advise if FBT would be attracted: A Council pays for...

FBT Q&A ‘ Whether an insurance excess is included in a car expense calculation under s. 10

Question: In relation to Car Fringe Benefits where the taxable value is calculated under Section 10 of the Fringe Benefits...