Fringe benefit tax (FBT)
These items clarify some specific FBT issues.
The meaning of "benefit" for FBT purposes
This item clarifies whether a benefit would be provided for FBT purposes if an employee paid market value for the goods and services provided, and/or the employer also receives a benefit from the provision of goods and services to an employee.
FBT-value of brokerage provided by sharebrokers to employees
This item considers the value for FBT purposes of brokerage services provided by sharebrokers to their employees. It concludes that it is the rate that would be charged by the employer to a member of the general public. This view differs form the Commissioner's view expressed in an item in Public Information Bulletin No 161. Accordingly, the item is withdrawn from 31 March 2006.
Date published: 31 Jan 2006
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