FBT

FBT

Salary Packaging

Special Edition

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

Question We have had a number of staff take on further higher education study during the FBT year. In all...

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

Question Certain car parking spaces are allocated to employees who commute using motorcycles – does this give rise to an...

FBT Q&A ‘ Treatment of GPS installation costs

Question Several years after a car was purchased, a GPS system was purchased and fitted to the vehicle. Do the...

FBT – Car Parking: is it really a commercial car parking station that is above the threshold?

We remind TaxEd member employers of two key conditions of the car parking fringe benefit rules that must be satisfied...

FBT ‘ Can cars provided under novated lease financing be pooled cars for FBT reporting purposes?

Regulation 8 of the FBT Regulations prescribes benefits relating to pooled or shared cars as being excluded fringe benefits. Fringe...

FBT ‘ FBT Rates commencing 1 April 2017

The Commissioner has published various FBT rates/amounts that will apply for the fringe benefit tax year commencing 1 April 2017....

FBT ‘ Recent Developments at a Glance: March 2017

Business Benchmarks – Are you maximising your potential to generate funds for NFP activities? NFPs that engage in commercial activities...

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...