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Category Archives: FBT
The End of Salary Packaged Super
From 1 July 2017 I cannot understand why anyone would salary package super in addition to the 9.5% SG their employer is required to pay for them. Now I am not saying that it is not worth using up an … Continue reading
Posted in FBT, Planning Stuff, Uncategorized
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The end of salary packaging???
The Government has just released draft legislation in relation to the capping rules for exempt fringe benefits that can be provided by public hospitals, ambulance services, registered public benevolent institutions and registered health promotion charities. I should quickly say it is exactly … Continue reading
Posted in FBT, Planning Stuff, Tax Policy
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Tax Impediments Facing Small Business…
The Board of Tax report on Tax Impediments Facing Small Business has been made public. This report, and the Government’s response make some interesting reading. What do you think about: “Based on an analysis of business population data, the Board recommends that the small … Continue reading
Posted in FBT, Income Tax, Super, Tax Policy
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You win some, you lose some… and I am a bad loser…
I have patted myself on the back before for an AAT decision on FBT at my local airport. I may have congratulated myself a bit early as in Commissioner of Taxation v Qantas Airways Limited [2014] FCAFC 168 the Full Federal … Continue reading
Posted in Cases, FBT
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FBT and Public Hospitals
FBT exemptions are amazing ways to reward employees. And one of the most used FBT exemptions relates to employees of public hospital. These employees can receive up to $17,000 worth of grossed up benefits. What does grossed up mean? That … Continue reading
Posted in FBT, Planning Idea, Rulings
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Religious Practitioners and Fringe Benefits
Believe it or not, I get asked this question all the time so to save you asking me… Section 57 of the Fringe Benefits Assessment Act 1986 includes an exemption from Fringe Benefits Tax on benefits for certain employees of … Continue reading
Posted in FBT, Planning Idea, Planning Stuff, Rulings
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FBT and Canberra Airport – my vicarious victory
Many years ago I prepared to take the ATO to the AAT for a large entity on whether the car park at Canberra airport was a commercial car parking station. If it was, FBT was payable when employers provided parking … Continue reading
