Fringe Benefits Tax
FBT – Refresher on Various Issues
21 April 2024
This video provides a practical refresher on frequently encountered FBT issues, focusing on car benefits, exempt work-related vehicles, and minor benefits. It explains how to determine when a car is available for private use, how recipient contributions can reduce FBT liability, and the ATO’s compliance approach to dual cab utes and minor benefits under section 58P. It also highlights common misconceptions and encourages accountants to critically assess ATO guidance against legislative requirements.
30 minutes.
FBT – Work Vehicles
1 May 2024
This video covers the controversial application of the FBT exemption to work-related vehicles such as utes, panel vans and dual cab utes. It discusses what vehicles qualify and what use of the vehicle can disqualify it from the FBT exemption. Examples are given. The video begins with a reminder about cyber security. 62 minutes.
FBT – Various Issues
4 July 2023
This video covers [1] The history of the taxation of fringe benefits in Australia [2] When a benefit is ‘in respect of employment’ [3] The interaction of FBT and Division 7A [4] The minor benefits ($300) exemption [5] Living away from home allowance fringe benefits. 62 minutes.