FBT

FBT

Salary Packaging

Special Edition

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...

FBT Q&A ‘ Salary Sacrifice for cost of skin checks

Question: We would like to know that staff can salary sacrifice the payment that they pay for skin checks? Answer:...

FBT ‘ Prepayment of Novated Lease

As part of a salary sacrifice arrangement an employee will often enter into a novated lease arrangement with their employee...

FBT Q&A ‘ Light meals provided at a business meeting

Question: One of our business unit divisions has a quarterly staff meeting/seminar off premises. The seminar goes for 2 hours...

FBT Q&A ‘ Property provided to retiring employee

Question: A long serving employee is retiring and upon his departure we decided to provide him with ownership of their...

FBT ‘ Simplified Approach for Calculating FBT for Fleet Cars

The operating cost method of calculating the FBT payable on a car fringe benefit requires more onerous paperwork to be...