Private ruling: FBT - capping threshold
Date of advice: 5 June 2023
Published: 31 July 2023
Ruling period: FBT year ended 31 March 20xx | FBT year ended 31 March 20xx | FBT year ended 31 March 20xx | FBT year ended 31 March 20xx
Date scheme commenced: 1 April 20xx

Ruling: Q1: If XXX is a registered PBI endorsed under section 123C of the FBTAA by the Commissioner of Taxation, should it be allowed to apply the $30,000 deduction in determining the individual grossed-up non-exempt amount for each of its employees as per Step 3 of the Method statement in subsection 5B(1E) of the FBTAA? | A1: Yes.




Subject: FBT - capping threshold: To protect the privacy and commercial in-confidence components of this private binding ruling, the following summary is provided. | 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 question relating to the employer's fringe benefits taxable amount and rebate for certain not-for-profit employers.