Taxation Determination
TD 2011/3
Fringe benefits tax: for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986 what are the indexation factors for valuing non-remote housing for the fringe benefits tax year commencing on 1 April 2011?
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Preamble
This publication provides you with the following level of protection:
This publication (excluding appendixes) is a public ruling for the purposes of the Taxation Administration Act 1953. A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. If you rely on this ruling, the Commissioner must apply the law to you in the way set out in the ruling (unless the Commissioner is satisfied that the ruling is incorrect and disadvantages you, in which case the law may be applied to you in a way that is more favourable for you - provided the Commissioner is not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. |
Ruling
1. The indexation factors for the purpose of valuing non-remote housing for the fringe benefits tax (FBT) year commencing on 1 April 2011 are:
| New South Wales | 1.049 |
| Victoria | 1.042 |
| Queensland | 1.034 |
| South Australia | 1.041 |
| Western Australia | 1.037 |
| Tasmania | 1.036 |
| Northern Territory | 1.076 |
| Australian Capital Territory | 1.043 |
Date of effect
2. This Determination applies to the FBT year commencing on 1 April 2011.
Commissioner of Taxation
30 March 2011
Appendix 1 - Explanation
| This Appendix is provided as information to help you understand how the Commissioner's view has been reached. It does not form part of the binding public ruling. |
Explanation
3. Section 28 of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) establishes the indexation factors which are applied in valuing non-remote housing under section 26 of the FBTAA. These factors are based on movements in the rent sub-group of the Consumer Price Index.
Not previously issued as a draft
References
ATO references:
NO 1-2NHBUR3
Previous 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
TD 2001/7
TD 2002/7
TD 2003/4
TD 2004/10
TD 2005/10
TD 2006/14
TD 2007/6
TD 2008/5
TD 2009/8
TD 2010/3
Subject References:
fringe benefits tax
housing fringe benefits
non-remote housing
Legislative References:
FBTAA 1986 26
FBTAA 1986 28
TAA 1953
| Date: | Version: | Change: | |
| You are here | 30 March 2011 | Original ruling | |
| 5 April 2017 | Withdrawn |