Fringe benefits tax: what are the indexation factors for valuing non-remote housing and what are the values for remote area housing for the fringe benefits tax year commencing 1 April 1993.
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FOI status:may be releasedFOI number: I 1214372
|This Determination, to the extent that it is capable of being a 'public ruling' in terms of Part IVAAA of the Taxation Administration Act 1953 , is a public ruling for the purposes of that Part. Taxation Ruling TR 92/1 explains when a Determination is a public ruling and how it is binding on the Commissioner. Unless otherwise stated, this Determination applies to years commencing both before and after its date of issue. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20).|
1. This determination itemises the indexation factors that some employers will need to use for fringe benefits tax purposes in calculating the value of housing benefits provided to employees during the year commencing 1 April 1993.
|New South Wales||1.011|
|Australian Capital Territory||1.069|
3. The factors are based on movements in the rent sub-group of the Consumer Price Index and may be applied to the previous year's housing values instead of working out a new market value for the year.
- for general housing $5114 ($98.09 weekly)
- for single quarters $1276 ($24.48 weekly)
Commissioner of Taxation