This first edition of the Australian Essential Guide to FBT provides a concise and up-to-date explanation of how FBT works and how to deal with it in practice. The FBT law stated in this edition is current as at 31 March 2022.

Topics Covered

• Introduction and overview of Fringe Benefits
• Employee Contributions
• Car Benefits
• Car Parking Benefits
• Loan and Debt Waiver Benefits
• Expense Payment Benefits
• Housing Benefits
• Living-away-from-home Allowance Benefits
• Property Benefits
• Taxable Value of Property Fringe Benefits
• Residual Benefits
• Entertainment Benefits
• Board Benefits
• FBT rebates
• Miscellaneous Exemptions, reductions and Concessions
• Records and Administration
• Salary packaging

Suitable for professionals or businesses dealing with FBT including Accountants and Employers.

About the Author

Kevin Johnson BEc, LLB, CA, CTA is a software engineer for The Access Group developing software for taxation and accounting professionals. As part of this role, he deals directly with the Australian Taxation Office and was an inaugural director of the Australian Business Software Industry Association (now Digital Service Providers Australia and New Zealand).  Previously, he was a tax manager at a major international accounting firm, advising on international and domestic corporation and individual taxation, employee transfers, salary packaging, fringe benefits tax, and other employment taxes.  He is a registered tax agent running his own tax practice in Sydney since 1996.  He authors several chapters of the Australian Master Tax Guide (including the FBT chapter) and the Australian Master Superannuation Guide.  He maintains the standard documents for CCH Fringe Benefits Tax Organiser, updates content for CCH Web Manager, and peer reviews CCH iKnow tax examples content.  He is a member of Chartered Accountants Australia and New Zealand and is a Chartered Tax Advisor member of The Tax Institute.