A property fringe benefit arises when you (as the employer) provide an employee with free or discounted property.
For FBT purposes, property includes:

  • Goods and animals/li>
  • Real property (such as land and buildings)/li>
  • Rights to property (such as shares and bonds)/li>

There are several methods for valuing a property fringe benefit depending on whether:

  • The benefit is an in-house property fringe benefit provided under a salary packaging arrangement/li>
  • The benefit is an in-house property fringe benefit not provided under a salary packaging arrangement/li>
  • The benefit is an external property fringe benefit