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03 Oct 12 ATO information about LAFHA changes

From 1 October 2012, the concessional treatment of living-away-from-home allowances (LAFHA) will change. LAFHA paid will still be tax-free to the recipient and will not be included as assessable income in the recipient's tax return.

However, there are new LAFHA rules being implemented in two stages - if a person is in:

  • a new or changed employment arrangement since 8 May 2012, their employer will only receive concessional treatment if they meet the new LAFHA conditions and give their employer a declaration
  • an employment arrangement that has not changed since 8 May 2012, the new LAHFA conditions will apply on the earlier of the date their employment arrangement changes and 1 July 2014.

For more information for employees, go here

For more information for employers, go here

 


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