Technical tax area: General articles

Subsidised transport provided by employers to employees - value for fringe benefit tax purposes

BR Pub 02/01 applied from 1 July 2002 to 1 July 2007. It was a reissue of BR Pub 99/02, which applied from 1 July 1999 to 30 June 2002. Since the ruling was reissued, the Income Tax Act 1994 has been repealed and replaced with the Income Tax Act 2004, which has also now been repealed and replaced with the Income Tax Act 2007.

The provisions in the Income Tax Act 2007 (sections CX 2, CX 9, RD 33, RD 54 and the definition of “subsidised transport” in section YA 4) clearly provide the method for valuing the benefit for fringe benefit purposes where transportation or entitlement to transportation is provided by an employer to an employee, in circumstances where that employer carries on a business that consists of or includes transportation of the public. The 2007 legislation has clarified how the benefit is to be valued when it is provided by a third party under an arrangement with the employer.

As a result of these clarifications to the law, BR Pub 02/01 will not be reissued.

Other pages in: General articles

• Process for tax agents to obtain electronic authorities to act
• Notice - Income tax treatment of unsuccessful software development
• Review of Public Information Bulletins
• Changes to the disputes resolution process
• Making tax easier - Government consultation June 9 to 23 July 2010
• Guidance on a "reasonable daily travelling distance"
• Protocols between the Solicitor-General and Commissioner of Inland Revenue
• Panel statement RAP 002: Process for resolving potential unintended legislative changes in the Income Tax Act 2007
• Inland Revenue's Public Rulings Unit
• Secondhand goods input tax credits - marine farming licences and leases
• Statement on fringe benefit tax and motor vehicle multi-leases
• New tax information exchange agreement with the Netherlands on behalf of the Netherlands Antilles
• The Commissioner's Table of Depreciation Rates
• Notice - Income Tax Act 2007
• The Adjudication Unit - its role in the dispute resolution process
• Removal of 5 cent coins from circulation - effect on GST tax invoices
• Summary of unintended legislative change submissions where Rewrite Advisory Panel considered there was no unintended legislative change

Date published: 02 Mar 2009

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