Fringe Benefits Tax Remote area holiday transport fringe benefit: gross taxable value - recipients contribution
28 February 2014
For the purposes of working out the amount of the reduction of a remote area holiday transport fringe benefit under section 60A of the FBTAA, '50% of the gross taxable value' of the fringe benefit is not calculated under paragraph 60A(1)(c) of the FBTAA before deducting any recipients contribution. The 'gross taxable value' is the amount that would be the taxable value of the fringe benefit if any reduction under subsection 60A(1) and section 62 of the FBTAA was ignored. The amount that would otherwise be the taxable value has already taken the recipients contribution into account.