Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 12 - Residual fringe benefits  

Subdivision B - Taxable value of residual fringe benefits  

SECTION 50  

50   TAXABLE VALUE OF EXTERNAL NON-PERIOD RESIDUAL FRINGE BENEFITS  
Subject to this Part, the taxable value of an external non-period residual fringe benefit in relation to an employer in relation to a year of tax is:

(a)    where the provider was the employer or an associate of the employer and the benefit was purchased by the provider under an arm ' s length transaction - the amount paid or payable by the provider for the benefit;

(b)    where the provider was not the employer or an associate of the employer and the employer, or an associate of the employer, incurred expenditure to the provider under an arm ' s length transaction in respect of the provision of the benefit - the amount of that expenditure; or

(c)    in any other case - the notional value of the benefit at the comparison time;

reduced by the amount of the recipients contribution.


 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.