| FBT and Laptop/Portable Computers |
| An FBT exemption exists for an employer providing a laptop or portable computer (also applies to briefcases, calculators, electronic diaries or personal organisers) to an employee but:
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- there is a limit of one such item per person per FBT year;
- the exemption is only available where the employee takes ownership of the item;
- the exemption does not apply to associates.
There is no requirement in the law for the equipment to be used for work related purposes. Consequently, this can be an effective way to provide a tax free benefit to an employee.
Note that a PC in not regarded as ?portable?.
See also our article about FBT and Minor Benefits
27th-January-2004 |
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