Fringe benefits tax

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


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.

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Item Type: Book Chapter (Commonwealth Reporting Category B)
Refereed: Yes
Item Status: Live Archive
Additional Information: Chpater 11. Permanent restricted access to Published Version, in accordance with the copyright policy of the publisher.
Faculty/School / Institute/Centre: Historic - Faculty of Business and Law - School of Law (1 Jan 2011 - 30 Jun 2013)
Faculty/School / Institute/Centre: Historic - Faculty of Business and Law - School of Law (1 Jan 2011 - 30 Jun 2013)
Date Deposited: 06 Nov 2012 05:39
Last Modified: 31 Jul 2017 05:14
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 (2008): 18 Law and Legal Studies > 1801 Law > 180125 Taxation Law
Fields of Research (2020): 48 LAW AND LEGAL STUDIES > 4801 Commercial law > 480106 Taxation law
Socio-Economic Objectives (2008): C Society > 94 Law, Politics and Community Services > 9499 Other Law, Politics and Community Services > 949999 Law, Politics and Community Services not elsewhere classified

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