FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART XII - INTERPRETATION  

SECTION 142C   142C   ELIGIBLE SHARED ACCOMMODATION IN A HOUSE, FLAT OR HOME UNIT  


For the purposes of this Act, where:


(a) the recipients unit of accommodation (in this section called the ``shared unit of accommodation'' ) in relation to a housing fringe benefit in relation to an employee in relation to a year of tax consists of accommodation in a house, flat or home unit; and


(b) throughout the tenancy period, there ordinarily subsisted 3 or more other housing fringe benefits, where each of those other housing fringe benefits was a housing fringe benefit:


(i) where the recipients unit of accommodation consisted of accommodation in the house, flat or home unit; and

(ii) in relation to a different employee;

the shared unit of accommodation shall be taken to be eligible shared accommodation in the house, flat or home unit in relation to the year of tax.


 

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