• Property fringe benefits

    Property fringe benefits arise when entities provide employees with free or discounted property.

    For FBT purposes, property means tangible property and intangible property. It includes:

    • goods such as a computer, furniture or a gift voucher
    • real property, such as land and buildings
    • choses in action such as shares or bonds.

    At times, Australian Government entities provide the following property fringe benefits:

    • staff awards such as a gift voucher or a box of chocolates
    • laptops and/or used furniture sold to employees at a discounted price.
      Last modified: 17 Jul 2012QC 21998