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  • Benefits not subject to FBT

    The following are not fringe benefits and therefore not subject to FBT:

    • payments of salary or wages
    • shares acquired under approved employee share schemes
    • employer contributions to complying superannuation funds for employees
    • employment termination payments (including, for example, a company car given or sold to an employee on termination)
    • payments of a capital nature for a legally enforceable contract in restraint of trade, or for personal injury to a person
    • payments of amounts deemed to be dividends
    • certain payments made by partnerships and sole traders to relatives and other associates that are deemed not to be assessable income
    • exempt benefits.
      Last modified: 10 Feb 2021QC 16948