Tax Laws Amendment (2008 Measures No. 5) Act 2008 (145 of 2008)
Schedule 4 Fringe benefits tax
Part 1 Main amendments
Fringe Benefits Tax Assessment Act 1986
10 Subsection 24(1)
Omit "the taxable value, but for this subsection and Division 14, of the expense payment fringe benefit in relation to the year of tax shall be reduced by:", substitute:
the taxable value, but for Division 14, of the expense payment fringe benefit in relation to the year of tax is the amount calculated in accordance with the formula:
TV - ND
where:
TV is the amount that, but for this subsection and Division 14, would be the taxable value of the expense payment fringe benefit in relation to the year of tax; and
ND is:
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
