Possible FBT exemption |
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Work-related items |
Exemption available for the provision of certain items primarily used for work purposes, including:
- Portable electronic devices such as mobile phones, laptops, tablets, printers and GPS navigation receivers
- Computer software
- Protective clothing
- Briefcases
- Tools of trade
For businesses with aggregated turnover <$10m
No limit to the number of work-related items being given to employees, provided that the device is primarily for use in the employee’s employment.
For businesses with aggregated turnover ≥$10m
Devices able to be provided are limited to one item per year for those items that have a substantially identical function unless the device is a replacement item (e.g. an employer could provide one mobile phone and one laptop per year. An additional laptop could be provided as a replacement in the event of a fault in the first laptop). |
Otherwise Deductible rule |
No FBT will arise if the employee would have been eligible for a once-off personal income tax deduction for that item (if they purchased it themselves). Note this exemption cannot be used for depreciating assets, e.g. a new desk costing $770. |
Minor benefits rule |
Total cost, including GST, was less than $300 for that item and similar such items. In addition, the benefit must be provided infrequently and irregularly. |