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