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Business & Investment Entities
ATO Resources |
TD 2009/8:
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 2009?
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FOI status: may be released
Preamble
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This publication (excluding appendixes) is a public ruling for the purposes of the Taxation Administration Act 1953. A public ruling is an expression of the Commissioner's opinion about the way in which a relevant provision applies, or would apply, to entities generally or to a class of entities in relation to a particular scheme or a class of schemes. If you rely on this ruling, the Commissioner must apply the law to you in the way set out in the ruling (unless the Commissioner is satisfied that the ruling is incorrect and disadvantages you, in which case the law may be applied to you in a way that is more favourable for you - provided the Commissioner is not prevented from doing so by a time limit imposed by the law). You will be protected from having to pay any underpaid tax, penalty or interest in respect of the matters covered by this ruling if it turns out that it does not correctly state how the relevant provision applies to you. |
Ruling
1. The indexation factors for the purpose of valuing non-remote housing for the fringe benefits tax (FBT) year commencing 1 April 2009 are:
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New South Wales |
1.072 |
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Victoria |
1.062 |
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Queensland |
1.096 |
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South Australia |
1.053 |
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Western Australia |
1.127 |
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Tasmania |
1.046 |
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Australian Capital Territory |
1.078 |
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Northern Territory |
1.100 |
Date of effect
2. This Determination applies to the FBT year commencing 1 April 2009.
Commissioner of Taxation
18 March 2009
Appendix 1 - Explanation
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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
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
TD 2008/5
References
ATO references:
NO 2009/2517
ISSN: 1038-8982
Subject References:
fringe benefits tax
housing fringe benefits
housing indexation figures
non-remote housing
Legislative References:
FBTAA 1986 26
FBTAA 1986 28
TAA 1953
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