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Articles
OCTOBER NEWSLETTER
September Newsletter
AUGUST NEWSLETTER
BAS and IAS Lodgment Extensions.
Tax Office wins Anti-avoidance Case.
FBT - GST Interaction
Salary Sacrifice Arrangements
Transitional Reasonable Benefit Limits (RBLs)
Refund of Excess Franking Credits
Uniform Capital Allowances - New Rules
FBT Rates and Thresholds

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FBT Rates and Thresholds
FBT Rates and Thresholds

The Tax Office has issued the following rates and thresholds for the FBT year ending 31 March 2002:

o    car parking threshold: $5.79
o    benchmark interest rate: 7.55%
o    living-away-from-home allowance - reasonable food component:
    1 adult     $154
    2 adults     $247
    3 adults     $278
    4 adults    $370
    2 adults & 1 or 2 children     $278
    2 adults & 3 children     $324
    3 adults & 1 child    $324
    3 adults & 2 children    $370

Adults are persons aged 12 or over. For larger families, add $93 per additional adult or $46 per additional child



7th-August-2001