Property fringe benefits
This information forms Chapter 17 of Fringe benefits tax - a guide for employers.
Remember, a fringe benefit may be provided by another person on behalf of an employer. It may also be provided to another person on behalf of an employee (for example, a relative).
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17.1 What is a property fringe benefit?
A property fringe benefit arises when you (the employer) provide an employee with free or discounted property.
For fringe benefit tax (FBT) purposes, property includes:
- goods (including gas and electricity, unless provided through a reticulation system) and animals
- real property, such as land and buildings
- rights to property, such as shares or bonds.
Benefits specifically covered by earlier chapters of this guide are excluded from being property fringe benefits.