Taxation Determination
TD 2008/5
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 2008?
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Ruling
Non-remote housing
1. The indexation factors for the purpose of valuing non-remote housing for the fringe benefits tax (FBT) year commencing on 1 April 2008 are:
| New South Wales | 1.045 |
| Victoria | 1.044 |
| Queensland | 1.073 |
| South Australia | 1.041 |
| Western Australia | 1.097 |
| Tasmania | 1.054 |
| Australian Capital Territory | 1.059 |
| Northern Territory | 1.072 |
Date of effect
2. This Determination applies to the FBT year commencing on 1 April 2008.
Commissioner of Taxation
26 March 2008
Appendix 1 - Explanation
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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.
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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 2007/3864
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
Subject References:
fringe benefits tax
housing fringe benefits
housing indexation figures
non-remote housing
Legislative References:
FBTAA 1986 26
FBTAA 1986 28
TAA 1953
| Date: | Version: | Change: | |
| You are here | 26 March 2008 | Original ruling | |
| 25 May 2016 | Withdrawn |
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