Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 12 - Residual fringe benefits  

Subdivision B - Taxable value of residual fringe benefits  

SECTION 50  

50   TAXABLE VALUE OF EXTERNAL NON-PERIOD RESIDUAL FRINGE BENEFITS  
Subject to this Part, the taxable value of an external non-period residual fringe benefit in relation to an employer in relation to a year of tax is:

(a)    where the provider was the employer or an associate of the employer and the benefit was purchased by the provider under an arm ' s length transaction - the amount paid or payable by the provider for the benefit;

(b)    where the provider was not the employer or an associate of the employer and the employer, or an associate of the employer, incurred expenditure to the provider under an arm ' s length transaction in respect of the provision of the benefit - the amount of that expenditure; or

(c)    in any other case - the notional value of the benefit at the comparison time;

reduced by the amount of the recipients contribution.




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