FBT Determinations for 2015-16

Determinations updates for the FBT year commencing on 1 April 2015 and ending 31 March 2016 released today include the Reasonable Food and Drinks for LAFHA, Benchmark interest rate, Record Keeping Threshold, Km rates for non-cars and Non Remote Housing Indexation.

  • TD 2015/4  The indexation factors for valuing non remote housing for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986  – see Housing Fringe Benefits
  • TD 2015/6 Cents per kilometre rates for calculating the taxable value of private use of a motor vehicle other than a car – see Per Km rates For Non-Cars per-kms-non-car-rates-2015-16
  • TD 2015/7 Reasonable food and drink amounts under section 31G for employees receiving a living away from home allowance fringe benefit  – see LAFHA
  • TD 2015/8 Benchmark interest rate (for loan and car fringe benefit calculations) – 5.65% – see Benchmark Interest Rates