Document ID: chunk:federal_register_of_legislation:C2025C00120:section:60:p2
Version: federal_register_of_legislation:C2025C00120
Segment Type: section
Provision Reference: s 60 (pt 2/3)
Character Range: 282729–285243

arrangement; or
 (ii) an arrangement that was entered into by any of the parties to the arrangement for the purpose, or for purposes that included the purpose, of enabling the employer to obtain the benefit of the application of this section;
the amount that, but for this subsection, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by 50% of so much of the recipients expenditure as relates to the occupation period.
 (3) Where:
 (a) the recipient of a property fringe benefit in relation to an employer in relation to a year of tax is an employee of the employer; and
 (b) the recipients property is remote area residential property;
the amount that, but for this subsection, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by 50%.
 (4) Where:
 (a) the recipient of an expense payment fringe benefit in relation to an employer in relation to a year of tax is an employee of the employer; and
 (b) the recipients expenditure is in respect of remote area residential property;
the amount that, but for this subsection, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by 50%.
 (5) Where:
 (a) the recipient of a property fringe benefit in relation to an employer in relation to a year of tax is an employee of the employer; and
 (b) the recipients property is a remote area residential property option fee;
the amount that, but for this subsection, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by 50%.
 (6) Where:
 (a) the recipient of a property fringe benefit in relation to an employer in relation to a year of tax is an employee of the employer; and
 (b) the recipients property is remote area residential property repurchase consideration;
the amount that, but for this subsection, would be the taxable value of the fringe benefit in relation to the year of tax shall be reduced by 50%.
 (7) Where:
 (a) subsection (6) applies to a property fringe benefit; and
 (b) the amount paid by the provider of the fringe benefit by way of consideration for the purchase of the estate or interest concerned exceeds both:
 (i) the market value of the estate or interest at the time of the purchase; and
 (ii) the guideline price of the estate or interest at the time of the purchase;
a reference in subsection (6) to the taxable value of the fringe benefit is a reference to so much of the taxable value as is attributable