Miscellaneous Taxation Ruling

MT 2051

Fringe benefits tax: Living-away-from-home allowance benefits : Reasonable food component for expatriate employees : Update of MT 2047

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FOI status:

may be releasedFOI number: I 1013141

What this Ruling is about

1. This Ruling itemises the amounts that we accept 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 1992.

2. This Ruling is intended to be read in conjunction with Taxation Ruling MT 2040. Updates of MT 2040 were issued for the years ended 31 March 1989 (viz. MT 2043), 31 March 1990 (viz. MT 2045) and 31 March 1991 (viz. MT 2047).

Ruling

3. The reasonable food component for the fringe benefits tax year ended 31 March 1992, as shown below, has been indexed in line with movements in the food subgroup of the Consumer Price Index:

4. In relation to larger family groupings, we accept a food component based on the above figures plus $70 for each additional adult and $35 for each additional child. Thus, for a family of two adults and four children a reasonable food component would be $250 plus $35, i.e., $285; for a family of five adults it would be $285 plus $70, i.e., $355 per week.

Date of effect

5. This Ruling applies to the fringe benefits tax year ended 31 March 1992.

Commissioner of Taxation
1 April 1992

References

ATO references:
NO 87/1500-9

Related Rulings/Determinations:

MT 2030
MT 2040
MT 2043
MT 2045
MT 2047

Subject References:
Fringe benefits tax
Living-away-from-home allowances

Legislative References:
FBTAA 30
FBTAA 31
FBTAA 136