Fringe benefits tax: what are the indexation factors for valuing non-remote housing and remote area housing for the fringe benefits tax (FBT) year commencing on 1 April 1999?
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FOI status:may be releasedFOI number: I 1018430
|New South Wales||1.042|
|Australian Capital Territory||0.985|
2. These factors are based on movements in the rent sub-group of the Consumer Price Index. They may be applied to the previous year's housing values instead of working out a new market value for the year.
Remote area housing
Statutory amount method
- for general housing $5,751 ($109.98 weekly)
- for single quarters $1,434 ($27.43 weekly).
4. These values are calculated by applying an indexation factor of 1.031 (reflecting the weighted average movement in the rent sub-group for the eight capital cities) to the 1998-99 values. Employers may use them as a simple alternative to calculating benefits based on market values.
Market valuation method
Commissioner of Taxation
28 April 1999
No draft issued
BO FBT 156
FBT remote area housing
fringe benefits tax
housing fringe benefits
housing indexation figures