expense payment fringe benefit declaration

             (5)  A benefit provided in respect of the employment of an employee is an exempt benefit if:                      (a)  the employer of the employee is a registered health promotion charity; and. reimbursement paid to the recipient in respect of that consideration. is the amount that, but for this subsection, would be the benchmark travel amount in relation to that fringe benefit, or in relation to those fringe benefits, in relation to the holiday for the family member; is the amount that, but for this section and section 62, would be: is the amount that, but for this section and section 62, would be so much of the sum of the taxable values, in relation to all of those years of tax, of all of those fringe benefits as is attributable to transport, meals or accommodation in relation to the holiday for the family member.           (1H)  An employee’s type 1 individual base non‑exempt amount in relation to the employer for the year of tax is worked out by adding the amounts worked out under step 3 of the method statement in subsection (1K) and step 3 of the method statement in subsection (1L).              (1)  A housing benefit that is a remote area housing benefit is an exempt benefit. employer in relation to the car; (B)  section 10A required the records to be maintained by or on The result is the employer’s aggregate non‑rebatable amount for the year of tax. The support team will view it after the order form and payment is complete and then they will find an academic writer who matches your order description perfectly. type 1 aggregate fringe benefits amount means the employer’s type 1 aggregate fringe benefits amount for the year of tax worked out under subsection 5C(3). "housing right" , in relation to a person, means a lease or licence granted to (f)  the purpose or purposes of the journey; is made in the English language at, or as soon as reasonably practicable include a parking facility on a public street, road, lane, thoroughfare or   Year of tax in which residual benefits taxed,                      (a)  a residual benefit (in this subsection referred to as the,                      (a)  a residual benefit consisting of the provision or use of a motor vehicle is provided by a particular person (in this subsection called the,                             (iii)  a person (in this subparagraph referred to as the,                               (i)  a place that is an eligible child care centre for the purposes of any provision of the,                              (ii)  family day care provided before the commencement of item 1 of Schedule 10 to the,                             (iii)  care outside school hours provided before the commencement of item 1 of Schedule 10 to the,                             (iv)  care in school vacations provided before the commencement of item 1 of Schedule 10 to the,                              (v)  an approved centre based long day care service within the meaning of the,                             (vi)  an approved family day care service within the meaning of the,                            (vii)  an approved outside school hours care service within the meaning of the,                           (viii)  an approved in‑home care service within the meaning of the, Taxable value of residual fringe benefits,   Taxable value of in‑house non‑period residual fringe benefits,   Taxable value of in‑house period residual fringe benefits,   Taxable value of external non‑period residual fringe benefits,   Taxable value of external period residual fringe benefits,                      (b)  if the recipient had, at the comparison time, incurred and paid unreimbursed expenditure (in this subsection called the,                              (ii)  if there is a recipients contribution in relation to the residual fringe benefit equal to, or calculated by reference to, an amount of consideration paid by the recipient to the provider or to the employer in respect of the provision of the recipients benefit—the amount (if any) that would, or that would but for section 82A of the,                               (i)  the fringe benefit is a car residual benefit in respect of a car held by the recipient during a period (in this section called the,                      (e)  where paragraph (da) does not apply and the fringe benefit is a car residual benefit in respect of a car held by the recipient during a period (in this section also called the, is the amount that, but for this subsection and Division 14, would be the taxable value of the residual fringe benefit in relation to the year of tax; and,                             (iv)  if it would be concluded that the amount of the recipients contribution would have been the same even if the residual fringe benefit were not applied or used in producing assessable income of the recipient—33. "GST-creditable benefit" has the meaning given by section 149A. "asset-based income tax regime" has the meaning given by section 830- 105. What constitutes remote area housing benefit.              (2)  Subject to subsection (3), if at any time, whether before or after the commencement of this section, the Australian Statistician has published or publishes an index number in respect of a quarter in substitution for an index number previously published by the Australian Statistician in respect of that quarter, the publication of the later index number shall be disregarded for the purposes of this section.                      (e)  if both paragraphs (a) and (b) apply—it is to be assumed that the fee is the fee that would have been payable if:                               (i)  the operator and the customer had been dealing with each other at arm’s length in relation to the transaction; and.                (a)     the individual grossed‑up type 1 non‑exempt amount (see subsection (1F)) in relation to the employer for the year of tax; and.                             (iii)  a proprietary right in respect of another dwelling, being a flat or home unit;                      (b)  the employee or associate acquires the interest or right solely because the employee is required to change his or her usual place of residence in order to perform the duties of that employment at the employee’s new place of employment;                      (c)  the employee or associate entered into a contract for the acquisition of the interest or right on a day (the contract day) within 4 years after the new employment day;                     (ca)  if, on the contract day, the employee or associate holds an interest or right in another dwelling in a situation where:                               (i)  if that interest or right were sold within 2 years after the new employment day; and. is the indexation factor in respect of the current year of tax in respect of the State or Territory in which the recipients unit of accommodation is situated. "parent" has the meaning given by subsection 995-1(1) of the 37AB  Employee contributions to be excluded. How to work out aggregate non‑exempt amount. Part XA—Endorsement of registered charities etc.                    (ba)  the amount (in this subsection called the notional deduction) calculated in accordance with the formula:                           Â.                             where:                               (i)  if no interest accrued on the loan in respect of the loan period—nil; or. other event. owner occupation, last published by the Reserve Bank of Australia before the (ii)  the statutory interest rate in relation to the year of tax; (b)  where the loan is not an eligible pre-commencement loan, was made time--that rate; (B)  if there are 2 or more benchmark interest rates in relation to the (ii)  the activity, or series of activities, for which the payment is that the payment or liability is non-assessable non-exempt income (within the                      (b)  shall be lodged with the Commissioner on or before the declaration date.                              (ii)  if the employee satisfies section 31E—the matters in subparagraphs 31F(1)(b)(i) to (iii); the benefit is an exempt benefit in relation to the year of tax. the usual place of residence of the employee; and.              (4)  If at any time, whether before or after the commencement of this section, the Australian Statistician has changed or changes the reference base for the Consumer Price Index, then, for the purposes of the application of this section after the change, regard is to be had only to the index numbers published in terms of the new reference base. "recipients rent" , in relation to a housing fringe benefit in relation to an the car in the course of a business journey. "retention period" , in relation to a statutory evidentiary document in "in-house non-period residual fringe benefit" means an part consisting of a flat or home unit; or. exaction; (c)  an arrangement for or in relation to the lending of money.                      (b)  is operating under that law. Step 3.   So much of the amount worked out under step 1 that relates to the benefits identified under step 2 is the step 3 of subsection (1K) amount for the individual. is the amount worked out for the person and the car using the formula in subsection (1AA). (a)  a person appointed or constituted trustee by act of parties, by "religious practitioner" has the meaning given by subsection 995-1(1) of              (3)  Work out an employer’s type 1 aggregate fringe benefits amount for a year of tax as follows. by: (e)  a person (in this paragraph referred to as the arranger ) other than              (7)  A number of employees, or a number of eligible spaces, as the case requires, is not representative if the number of employees, or eligible spaces, as the case requires, is substantially greater or less than the average number throughout whichever of the following periods is chosen by the employer:                      (a)  the 4 week period ending on the first day of the parking period; or.                    Subject to this Part, the taxable value of an in‑house period residual fringe benefit in relation to a year of tax is:                      (a)  if neither paragraph (aa) nor (ab) applies and, at or about the comparison time, identical overall benefits were provided by the provider:                              (ii)  in similar circumstances and subject to identical terms and conditions (other than as to price) as those that applied in relation to the provision of the recipients overall benefit;                             an amount equal to 75% of the lowest amount paid or payable by any such member of the public in respect of the current identical benefit in relation to an identical overall benefit so provided; or.              (2)  Nothing in section 74 prevents the amendment of an assessment for the purpose of giving effect to this section. "identical benefit" , in relation to the recipients benefit in relation to a 65J Rebate for certain not-for-profit employers etc. or in-house residual fringe benefit, to the extent that the benefit: (a)  is the provision of transport in a passenger aircraft operated by a If the recipient of a taxable fringe benefit is your employee, the benefit is generally subject to employment taxes and must be reported on Form W-2, Wage and Tax Statement.                      (c)  in any other case—the notional value of the benefit at the comparison time; 51  Taxable value of external period residual fringe benefits. residual fringe benefit other than an in-house residual fringe benefit. expenses to be incurred by the employee for food or drink for means the total value of meal entertainment provided by the employer during the 12 week period covered by the register. the Income Tax Assessment Act 1997 . payment of money in the event that the life insured is alive on a specified                              (ii)  the person’s primary place of employment;                      (a)  a residual benefit provided to a current employee in respect of his or her employment consists of:                               (i)  the provision, or use, of a recreational facility; or,                              (ii)  the care of children of the employee in a child care facility; and. (b)  in relation to a time after 2 April 1986 and before 1 July (b)  the supply of drugs or other property in connection with such an An employer who keeps such a register may elect that the total value of certain car parking fringe benefits for an FBT year for which the register is valid is to be determined in accordance with the register. times during the period during the year of tax when the employee was under an                              (ii)  if there is a recipients contribution in relation to the board fringe benefit equal to, or calculated by reference to, an amount of consideration paid by the recipient to the provider or to the employer in respect of the provision of the recipients meal—the amount (if any) that would, or that would but for section 82A of the Income Tax Assessment Act 1936, and Divisions 28 and 900 of the Income Tax Assessment Act 1997, have been allowable to the recipient section 8‑1 of the Income Tax Assessment Act 1997 in respect of the whole or a part of that consideration if that consideration had been incurred and paid by the recipient at the time when the benefit was provided;                             exceeds nil; the amount that, but for this section and Division 14, would be the taxable value of that fringe benefit in relation to the year of tax shall be reduced by the notional deduction. if the employer or an associate of the employer: (i)  participates in or facilitates the provision or receipt of the                              (ii)  in similar circumstances and subject to identical terms and conditions (other than as to price) as those that applied in relation to the provision of the recipients benefit to the recipient;                             an amount equal to 75% of the lowest price at which an identical benefit was so sold to a member of the public; or. employee, solely by way of an award in recognition of the special achievements Note:          Section 135G allows the fringe benefits taxable amount to be worked out using the employer’s aggregate fringe benefits amount from an earlier year of tax in special cases. "non-deductible exempt entertainment expenditure" means "exclusive employee residual benefit" means a residual fringe benefit where, fringe benefit relates; and. "in-house health care facility" , in relation to an employer, means a clinic, company, by the employer or by a company that is related to the employer; (c)  either of the following subparagraphs applies: (i)  the meal is cooked or otherwise prepared on eligible premises of the is the amount of depreciation that is deemed to have been incurred by the person in respect of the car in respect of the year of tax; is the number of days in the holding period during which the car was owned by the person; and. "car benefit" means a benefit referred to in subsection 7(1). employee performs duties of that employment. 60A  Reduction of taxable value—remote area holiday transport fringe benefits subject to ceiling. 31D  First 12 months employee is required to live away from home. (c)  in any other case--the statutory interest rate in relation to the              (1)  An employer is a, a registered charity covered by item 1.1 of the table in section 50‑5 of the, a scientific institution covered by item 1.3 of the table in section 50‑5 of the, a public educational institution covered by item 1.4 of the table in section 50‑5 of the, (b) covered by item 1.7 of the table in section 50‑5 of the, (b) covered by item 2.1 of the table in section 50‑10 of the, an employer association or an employee association covered by item 3.1 of the table in section 50‑15 of the, a trade union covered by item 3.2 of the table in section 50‑15 of the, (b) covered by item 8.1 of the table in section 50‑40 of the, (b) covered by item 8.2 of the table in section 50‑40 of the, (b) covered by item 8.3 of the table in section 50‑40 of the, (b) covered by item 9.1 of the table in section 50‑45 of the, (b) covered by item 9.2 of the table in section 50‑45 of the.              (1)  The employee satisfies this section if the employee gives the employer a declaration, in a form approved by the Commissioner, purporting to set out:                      (a)  for a fringe benefit to which section 31 (about employees who maintain an Australian home) applies:                               (i)  the address of the place in Australia where the employee usually resides when in Australia; and,                              (ii)  that section 31C is satisfied for that place; and,                             (iii)  the address of each place where the employee actually resided during the period to which the benefit relates; or.                      (b)  the property is provided to, and consumed by, the employee on a working day and on business premises of:                              (ii)  if the employer is a company, of the employer or of a company that is related to the employer;              (2)  This section does not apply to food or drink provided to, and consumed by, an employee if the food or drink is provided under a salary packaging arrangement. public for all-day parking on that day on payment of a fee, but does not              (1)  This section applies to the following expenses incurred by the employee:                      (a)  an expense for the accommodation of eligible family members during the period to which a living‑away‑from‑home allowance fringe benefit relates;                      (b)  an expense for food or drink for eligible family members during the period to which a living‑away‑from‑home allowance fringe benefit relates, if the total of those food or drink expenses for that period exceeds the amount the Commissioner considers reasonable.                      (b)  the total taxable value of all the fringe benefits in the class is worked out by a single calculation; the employee’s share of the taxable value of the fringe benefit is so much of the total taxable value as is reasonably attributable to the provision of the fringe benefit in respect of the employee’s employment by the employer, taking account of any relevant matters.                    Where one or more car fringe benefits in relation to an employer in relation to a year of tax relate to a car while it was held by a particular person (in this section called the provider) during a particular period (in this section called the holding period) in a year of tax that is a log book year of tax of the employer in relation to the car, the employer is entitled to a reduction in the operating cost of the car on account of business journeys undertaken in the car during the holding period if, and only if:                      (a)  log book records and odometer records are maintained by or on behalf of the provider for an applicable log book period in relation to the car; and,                      (b)  odometer records are maintained by or on behalf of the provider for the holding period; and,                      (c)  if the provider is not the employer—those log book records and odometer records are given to the employer before the declaration date; and,                      (d)  the employer specifies the employer’s estimate of the number of business kilometres travelled by the car during the holding period; and. means a benefit provided to the employee, in respect of the employment of the                    An employer who elects that this Division applies may elect also that this Subdivision applies to meal entertainment provided by the employer for an FBT year if the employer has a valid meal entertainment register for that year. benefit; or. Income Tax Assessment Act 1997 .                      (b)  the taxable value, or the aggregate of the taxable values, as the case requires, of the car fringe benefits that relate to the car ascertained under subsection (2) of this section exceeds the taxable value, or the aggregate of the taxable values, as the case requires, that would have been ascertained under section 9 if that election had not been made; this Act (other than section 162G) applies, and shall be deemed always to have applied, for the purposes of ascertaining that taxable value, or the aggregate of those taxable values, as the case requires, as if that election had not been made.                                         (B)  in similar circumstances and subject to identical terms and conditions (other than as to price) as those that applied in relation to the provision of the recipient’s property to the recipient;                                    an amount equal to 75% of the lowest price at which that property was so sold to a member of the public; or,                             (iii)  in any other case—an amount equal to 75% of the notional value of the recipient’s property at the provision time; or.                      (b)  the Commissioner;              (1)  This section explains how to work out an employee’s share of the taxable value of a fringe benefit relating to the employee, an employer and a year of tax. "board meal means a meal provided, in respect of the employment of an employee                      (b)  to reimburse the recipient, in whole or in part, in respect of an amount of expenditure incurred by the recipient;              (2)  For the purposes of determining the market value of the recipients current housing right in relation to a housing fringe benefit provided in respect of the employment of an employee, any onerous conditions that are attached to the housing right and that relate to his or her employment shall be disregarded. Division 10A—Car parking fringe benefits. "deductible expenses" , in relation to an allowance paid to an employee, means the duties of the recipient's employment as the pilot, flight engineer, flight being a fringe benefit provided in respect of the employment of an employee of "comparison time" , in relation to a residual fringe benefit, means: (a)  if the fringe benefit is constituted by a benefit to which                              (ii)  the employee is required to change his or her usual place of residence in order to perform the duties of that employment;                      (e)  if subparagraph (c)(ii) applies:                               (i)  the telephone service is connected or re‑connected not later than 12 months after the day on which the employee commenced to perform the duties of that employment at the employee’s new place of employment;                              (ii)  immediately before the change, a telephone service was provided to the unit of accommodation that was the employee’s usual place of residence before the change; and.                             (ia)  in a case where car expenses in respect of fuel or oil for the car were incurred during the holding period by recipients of the car fringe benefits and:                                         (A)  the persons incurring those expenses give to the employer, before the declaration date, declarations, in a form approved by the Commissioner, in respect of those expenses; or.

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