8.11 Other reductions in taxable value

A number of fringe benefits attract concessional treatment. The concession is a reduction in the taxable value of the fringe benefit that results in a reduced amount of FBT, or even no FBT, being payable.

You calculate the taxable value of a loan fringe benefit in accordance with the valuation rules explained in 8.3 to 8.7. Where the otherwise deductible rule applies, you then reduce the taxable value as explained in section 8.8.

If the fringe benefit is of a type that attracts the remote area housing assistance concession, you may reduce the taxable value further - as explained in section 19.2 of Reductions in fringe benefit taxable value.

    Last modified: 03 Jul 2012QC 17821