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29 Mar 12 FBT: reasonable food component of a LAFHA - TD 2012/5

On 28 March 2012, the ATO issued Taxation Determination TD 2012/5 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 2012?"

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 2012 as follows:

Per week
One adult $250
Two adults $400
Three adults $450
One adult and one child $325
Two adults and one or two children $450
Two adults and three children $524
Three adults and one child $524
Three adults and two children $599
Four adults $599

 

('Adults' for this purpose are persons who had attained the age of 12 years before the beginning of the FBT year.)

In relation to larger family groupings, the ATO accepts a food component based on the above figures plus $150 for each additional adult and $75 for each additional child.

 


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