31 Mar 11 FBT: reasonable food component of a LAFHA - TD 2011/4
On 30 March 2011, the ATO issued Taxation Determination TD 2011/4 entitled "Fringe benefits tax: for the purposes of Division 7 of Part III of the Fringe Benefits Tax Assessment Act 1986, what amount represents a reasonable food component of a living-away-from-home allowance for expatriate employees for the fringe benefits tax year commencing on 1 April 2011?"
It was not previously released in draft form.
The Taxation Determination lists the amounts that are acceptable as a food component for the FBT year commencing 1 April 2011 as follows:
|One adult and one child||$301|
|Two adults and one or two children||$419|
|Two adults and three children||$488|
|Three adults and one child||$488|
|Three adults and two children||$558|