Work away from home allowance ato
Fringe benefits tax is paid by the employer, and employees do not directly pay tax on amounts which are subject to FBT. An allowance which is not a LAFHA is taxable in the hands of the employee.
Work-related travel expenses: Why are they on the ATO’s radar? - InterActive Tax Consultants
The LAFHA tax exemption explained Living Away From Home amounts paid within reasonable limitsdo not give rise to a taxable LAFHA fringe benefit and are not taxable in the hands of the employee. For an employer, FBT Fringe Benefits Tax arises on allowances, or any part of allowances, which are not tax exempt or otherwise deductible. An original proposal for Living-away-from-home allowance to be treated as an expense allowance, and therefore assessable income of the employee rather than a fringe benefit, did not go ahead.
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LAFHA - Living Away From Home Allowance | PayMe
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The LAFHA tax exemption explained. Living Away From Home amounts paid within reasonable limitsdo not give rise to a taxable LAFHA fringe benefit and are not taxable in the hands of the employee.
Reasonable Food Components for Living Away From Home Allowance Declarations. Living Away From Home Allowance Declarations E ssential declaration: Rule changes from 1 October Key points from the October amendments: Please see Terms of Use.