Taxation Determination
TD 2001/7
Fringe benefits tax: what are the indexation factors for valuing non-remote housing for the fringe benefits tax (FBT) year commencing on 1 April 2001?
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FOI status:
may be releasedFOI number: I 1024864| Preamble |
| The number, subject heading, date of effect and paragraphs 1 of this Taxation Determination is a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding. |
| Date of effect |
| This determination applies for the FBT year commencing on 1 April 2001. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20). |
Non-remote housing
1. The indexation factors for the purpose of valuing non-remote housing for the FBT year commencing 1 April 2001 are:
| New South Wales | 1.039 |
| Victoria | 1.031 |
| Queensland | 1.014 |
| South Australia | 1.027 |
| Western Australia | 1.023 |
| Tasmania | 1.011 |
| Australian Capital Territory | 1.044 |
| Northern Territory | 0.984 |
2. These factors are based on movements in the rent sub-group of the Consumer Price Index. They may be applied to the previous year's housing values instead of working out a new market value for the year.
Commissioner of Taxation
26 April 2001
Not previously issued in draft form
References
ATO references:
NO 95/2684-6
Related Rulings/Determinations:
TD 93/40
TD 94/21
TD 95/21
TD 96/27
TD 97/10
TD 98/9
TD 1999/4
TD 2000/30
Subject References:
fringe benefits tax
housing fringe benefits
housing indexation figures
| Date: | Version: | Change: | |
| You are here | 26 April 2001 | Original ruling | |
| 11 May 2016 | Withdrawn |