Miscellaneous Taxation Ruling
Fringe benefits tax: living-away-from-home allowance benefits: reasonable food component for expatriate employees: update of MT 2040
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FOI status:May be releasedFOI number: I 1011444
2. Taxation Ruling MT 2040 set out the reasonable food components of living-away-from-home allowances received by expatriate employees that will be accepted by this Office for the fringe benefits tax years ended 31 March 1987 and 31 March 1988.
4. The following table itemises the amounts that will be accepted as a reasonable food component of a living-away-from-home allowance paid to expatriate employees in various family situations for the fringe benefits tax year ended 31 March 1989.
|Two adults and one child||$205|
|Two adults and two children||$205|
|Two adults and three children||$240|
|Three adults and one child||$240|
|Three adults and two children||$274|
|(Adults are defined as persons aged 12 years or more)|
5. While this Ruling will apply to the majority of cases, it will be open, of course, to any individual expatriate employee to establish a higher level of spending by reference to receipts or detailed records maintained for such period, e.g., 3 months, as would be sufficient to reflect a long-term expenditure pattern.
COMMISSIONER OF TAXATION
3 August 1989
NO 86/9581-4 87/1500-9
Date of effect:
FRINGE BENEFITS TAX
LIVING-AWAY-FROM HOME ALLOWANCE