Miscellaneous Taxation Ruling

MT 2043

Fringe benefits tax: living-away-from-home allowance benefits: reasonable food component for expatriate employees: update of MT 2040

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FOI status:

May be releasedFOI number: I 1011444

PREAMBLE

This ruling should be read in conjunction with Taxation Ruling MT 2040.

2. Taxation Ruling MT 2040 set out the reasonable food components of living-away-from-home allowances received by expatriate employees that will be accepted by this Office for the fringe benefits tax years ended 31 March 1987 and 31 March 1988.

3. The reasonable food component for the 1988 year has now been indexed according to movements in the food subgroup of the Consumer Price Index.

RULING

4. The following table itemises the amounts that will be accepted as a reasonable food component of a living-away-from-home allowance paid to expatriate employees in various family situations for the fringe benefits tax year ended 31 March 1989.

5. While this Ruling will apply to the majority of cases, it will be open, of course, to any individual expatriate employee to establish a higher level of spending by reference to receipts or detailed records maintained for such period, e.g., 3 months, as would be sufficient to reflect a long-term expenditure pattern.

COMMISSIONER OF TAXATION
3 August 1989

References

ATO references:
NO 86/9581-4 87/1500-9

Date of effect:
Immediate

Related Rulings/Determinations:

MT 2030
MT 2040

Subject References:
FRINGE BENEFITS TAX
LIVING-AWAY-FROM HOME ALLOWANCE

Legislative References:
FRINGE BENEFITS TAX ASSESSMENT ACT: S 30
FRINGE BENEFITS TAX ASSESSMENT ACT: S 31
FRINGE BENEFITS TAX ASSESSMENT ACT: S 136