Document ID: chunk:federal_register_of_legislation:C2025C00120:section:58e
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 58E
Character Range: 220675–221957

58E  Exempt benefits—leasing of household goods while living away from home
  Where:
 (a) either of the following benefits (in this section called a household goods leasing benefit) is provided in, or in respect of, a year of tax in respect of the employment of an employee:
 (i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of goods;
 (ii) a residual benefit where the recipients benefit consists of the subsistence of a lease or licence in respect of goods;
 (b) the goods are primarily for domestic use by, and in connection with accommodation for, family members;
 (c) either of the following benefits is provided in, or in respect of, the year of tax to the employee in respect of that employment:
 (i) an expense payment benefit where the recipients expenditure is in respect of a lease or licence in respect of that accommodation;
 (ii) a residual benefit where the recipients benefit is constituted by the subsistence of a lease or licence in respect of that accommodation; and
 (d) by virtue of section 21 or subsection 47(5), the benefit referred to in paragraph (c) is an exempt benefit in relation to the year of tax;
the household goods leasing benefit is an exempt benefit in relation to the year of tax.