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Course
A Practical guide to FBT (136755188) - Learning Manual - Old Version
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Overview
This PDF learning manual is current for the 2024-25 FBT year. It covers the rules relating to fringe benefits tax and provides an overview of how FBT works, and how to calculate the taxable value for each of the 12 categories as well as how to prepare the FBT return.
Key topics:
- FBT in 2025
- Key provisions
- 12 categories of fringe benefits, including cars, car parking, debt waiver, loans, expense payments, property, housing, living-away-from-home allowance (LAFHA), board, meal entertainment, tax-exempt body meal entertainment and residual fringe benefits
- Exemptions from FBT
- Reductions in taxable value
- Reportable fringe benefits
- FBT administration
What you'll learn
- Determine whether a fringe benefit has been provided.
- Identify different types of fringe benefits including exempt benefits.
- Determine the taxable value of various fringe benefits.
- Apply the ‘otherwise deductible’ and employee contribution rules to determine the taxable value of various fringe benefits.
- Calculate FBT payable.
- Apply rules to reduce the taxable value of fringe benefits where possible.
- Calculate individual reportable fringe benefits amounts.
- Apply the requirements for reporting and paying fringe benefits tax.
- Identify any FBT issues specific to the NFP sector.
Who is this for ?
This course is suitable for tax practitioners working in public practice or organisations who need to calculate and submit FBT returns.
Access period
365 daysFormat
Online - Self-pacedLanguage
EnglishCourse ID
136755188CPD/session
15 CPD hours
Members
AUD 440.00inc. GST
Non-members
AUD 770.00inc. GST