Fringe benefits tax: what is the reasonable food component for expatriate employees for the purposes of Division 7 (Living-Away-From-Home Allowance Fringe Benefits) of the Fringe Benefits Tax Assessment Act 1986 ?
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FOI status:may be releasedFOI number: I 1217150
|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).|
|Two adults and one child||$221|
|Two adults and two children||$221|
|Two adults and three children||$259|
|Three adults and one child||$259|
|Three adults and two children||$295|
|('Adults' for this purpose are persons aged 12 years or more).|
3. This Determination is intended to be read in conjunction with Taxation Ruling MT 2040. Updates of MT 2040 were issued for the years ended 31 March 1989 (MT 2043), 31 March 1990 (MT 2045), 31 March 1991 (MT 2047), 31 March 1992 (MT 2051), 31 March 1993 and 31 March 1994 (TD 93/41).
Example: A family consists of two adults and four children. The reasonable food component for the year ended 31 March 1995 would be $295, that is, $259 plus $36. A family of five adults would have a reasonable food component for the year ended 31 March 1995 of $367, that is $295 plus $72.
Commissioner of Taxation
NO NAT 87/1500-9, FBT Cell 30/93c
fringe benefits tax
living away from home allowances