MINOR BENEFITS - August 2016

gifts

In considering the frequency of benefits the Tax Office considers it inappropriate to set a number, but points out that the more often and regular that benefits are provided, the less likely the provision of the benefit would be considered ‘infrequent and irregular’.

Some examples of exempt minor benefits set out in TR 2007/12 include:

  • a one-off welcome gift (eg. food hamper) for a new employee
  • meals provided on an ad-hoc basis a few times a year
  • tolls provided via an e-tag facility on an ad-hoc basis (but not if part of a salary sacrifice arrangement)
  • stationary for private use
  • gift vouchers, flowers, pen sets
  • alcohol

Get in touch with us today!

Please leave this field empty.

Our Industry Associations
SME Business Accountants is a Corporate Authorised Representative of SMSF Advisors Network Pty Ltd AFS Licence No. 430062