Fringe benefits tax: for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986 what are the indexation factors for valuing non-remote housing for the fringe benefits tax year commencing on 1 April 2019?
Please note that the PDF version is the authorised version of this ruling.For information on the exemption threshold for future fringe benefits tax years, refer to Fringe benefits tax - rates and thresholds.
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|New South Wales||1.020|
|Australian Capital Territory||1.028|
Date of effect
Commissioner of Taxation
27 March 2019
Appendix 1 - Explanation
|This Appendix is provided as information to help you understand how the Commissioner's view has been reached. It does not form part of the binding public ruling.|
3. Section 28 of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) establishes the indexation factors which are applied in valuing non-remote housing under section 26 of the FBTAA. These factors are based on movements in the rent sub-group of the Consumer Price Index.
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