Delany, Thomas P. (2012) Fringe benefits tax. In: Halsbury's Laws of Australia. LexisNexis Butterworths, Sydney, Australia, Ss 405: Taxation and Revenue Part XI, 762,687-762,893. ISBN 0409304360
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Abstract
A‘fringe benefit’ is described as a benefit other than salary and wages accruing to a person because of an employment relationship. Taxation law assesses employees on cash payments of salary and wages and similar amounts received as a result of employment. However, prior to 1 July 1986, significant difficulty was encountered in assessing non-cash benefits provided to employees and even greater difficulty in assessing associates of employees on benefits received from employers. Fringe benefits tax (‘FBT’) was implemented from 1 July 1986 to combat this difficulty. This chapter provides a full analysis of the operation of fringe benefits tax to commercial transactions in Australia.
| Item Type: | Book Chapter (Commonwealth Reporting Category B) |
|---|---|
| Additional Information: | Chpater 11. Permanent restricted access to Published Version, in accordance with the copyright policy of the publisher. Electronic version of book available via USQ Library catalogue. |
| Uncontrolled Keywords: | fringe benefits tax; taxable value; exempt benefit; car fringe benefit; debts waiver fringe benefit; loan fringe benefit; expense payment fringe benefit; housing fringe benefit; living-away-from-home-allowance fringe benefit; airline transport fringe benefit; board fringe benefit; meal and entertainment fringe benefit; tax-exempt body entertainment fringe benefit; property fringe benefit; residual fringe benefit |
| Fields of Research (FOR2008): | 18 Law and Legal Studies > 1801 Law > 180125 Taxation Law |
| Subjects: | UNSPECIFIED |
| Socio-Economic Objective (SEO2008): | C Society > 94 Law, Politics and Community Services > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified |
| ID Code: | 21058 |
| Deposited By: | |
| Deposited On: | 06 Nov 2012 15:39 |
| Last Modified: | 18 Apr 2013 15:53 |
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