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  • F – Housing – units of accommodation provided

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Housing benefits relate only to accommodation you provide that is the employee’s usual place of residence. Under the separate headings at item F, you must show:

    • the number of accommodation units you provide
    • the taxable value of the benefits
    • any employee contributions towards those benefits.

    Housing benefits provided in a remote area are exempt benefits. Other accommodation that does not meet the requirements of a housing fringe benefit is included as a residual fringe benefit and you must show it at item M 'Other benefits (residual)'.

    Example: Calculate housing fringe benefits

    An employer provides a house for an employee for the FBT year. The market rental value for the year is $13,000 (52 weeks at $250). The employee pays a nominal rent of $2,600 for the year ($50 per week).

    The employer calculates the housing benefit as follows:

    $13,000 - $2,600 = $10,400

    The employer shows this at item 23 as:

    Example of employer entry at item 23

    End of example
    Last modified: 23 Oct 2013QC 27133