Taxation Determination

TD 96/27

Fringe benefits tax: what are the indexation factors for valuing non-remote housing and what are the statutory amounts for valuing remote area housing for the fringe benefits tax year commencing 1 April 1996?

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FOI status:

may be releasedFOI number: I 1015064

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. The indexation factors for the purpose of valuing non-remote housing for the fringe benefits tax year commencing 1 April 1996 are:

New South Wales 1.025
Victoria 1.013
Queensland 1.005
South Australia 1.005
Western Australia 1.022
Tasmania 1.010
Australian Capital Territory 0.980
Northern Territory 1.013.

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.

3. The following are the statutory amounts for employee housing situated in remote areas of Australia:

for general housing $5,263 ($100.93 weekly)
for single quarters $1,313 ($25.18 weekly).

4. These values are calculated by applying an indexation factor of 1.017 (reflecting the weighted average movement in the rent sub-group for the eight capital cities) to the 1995-96 values. Employers may use them as a simple alternative to calculating benefits based on market values.

Commissioner of Taxation
5 June 1996


ATO references:
NO FBT 156; NAT 95/2684-6

ISSN 1038 - 8982

Related Rulings/Determinations:

TD 93/40;
TD 94/21;
TD 95/21

Subject References:
fringe benefits tax;
housing indexation factors

Legislative References:

TD 96/27 history
  Date: Version: Change:
You are here 5 June 1996 Original ruling  
  27 April 2016 Withdrawn