MT 2044 - Fringe benefits tax: reduction of aggregate taxable value of fringe benefits - application to associates

PREAMBLE Section 62 of the Fringe Benefits Tax Assessment Act 1986 (the Act) provides for the first $500 of the aggregate taxable value of certain in-house fringe benefits relating to an employee in any year to be exempt from tax. 2. This office has been asked whether the exemption of the first $500 includes benefits...