Private ruling: FBT - capping threshold
Date of advice: 4 April 2023
Published: 29 May 2023
Ruling period: 31 March 20XX | 31 March 20XX | 31 March 20XX | 31 March 20XX
Date scheme commenced: 1 April 20XX

Ruling: Q1: On the basis that the answer to Question 1 is no, is the organisation entitled to apply the $30,000 reduction to the taxable FBT value for each eligible employee pursuant to Step 3 of the Method Statement contained in subsection 5B(1E) of the FBTAA? | A1: Yes




Ruling: The taxpayer sought a ruling in regard to whether a benefit is an exempt benefit under section 57 of the Fringe Benefits Tax Assessment Act 1986 (FBTAA). | The Commissioner has ruled on questions relating to employer's fringe benefits taxable amount and rebate for certain not-for-profit employers.