Taxation Determination

TD 2005/10

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 2005?

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FOI status:

may be released

Preamble

The number, subject heading, date of effect and paragraph 1 of this document are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner.

Non-remote housing

1. The indexation factors for the purpose of valuing non-remote housing for the fringe benefits tax (FBT) year commencing 1 April 2005 are:

New South Wales 1.018
Victoria 1.017
Queensland 1.044
South Australia 1.033
Western Australia 1.025
Tasmania 1.043
Australian Capital Territory 1.067
Northern Territory 1.021

2. 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.

Date of effect

3. This Determination applies to the FBT year commencing 1 April 2005.

Commissioner of Taxation
30 March 2005

Not previously issued as a draft

References

ATO references:
NO 2004/6082

ISSN: 1038-8982

Related Rulings/Determinations:

TD 93/40
TD 94/21
TD 95/21
TD 96/27
TD 97/10
TD 98/9
TD 1999/4
TD 2000/30
TD 2001/7
TD 2002/7
TD 2003/4
TD 2004/10

Subject References:
fringe benefits tax
housing fringe benefits
housing indexation figures
non-remote housing

Legislative References:
FBTAA 1986 26
FBTAA 1986 28
TAA 1953 Pt IVAAA

TD 2005/10 history
  Date: Version: Change:
You are here 30 March 2005 Original ruling  
  18 May 2016 Withdrawn