FBT Exempt

lee2267

does anyone know that if company pay staff relocation fee from period 01.04.2011-31.03.2012..

how do we treat this relocation fee as per company record ?
i am confused with NEW LAFH ruling.....

jeff_lawsons

The NEW LAFH rue will be effectective  from 1 October 2012, under the new rule, LAFHA will be treated as assessable income of the employee rather than as a fringe benefit. But the Transitional rules still apply to permanent residents who have employment arrangements for living-away-from-home allowances and benefits in place prior  8 May 2012.

However relocation expenses shall be distinguishable from LAFHA.  It is expense payment fringe benefit.

See following ATO Link:
http://www.ato.gov.au/government ... amp;page=78&H78

simonwang

LAFHA和relocation是两回事，cover different expenses，前者主要是额外的食宿费用，后者包括暂时的住宿，因为搬家造成的搬家费，一定时限内买卖自居房的费用，联接和终止某些公用事业费用等等。

兼回复楼上的，财政部又改变主意了，LAFH会被拆成两块，statutory amount still subject to FBT and the rest subject to Income Tax。真是没完没了的改！