A practical guide to FBT (Australian Tax) (108140506) - Online

This product is specific to Australian Taxation

This course is current for the FBT period 1 April 2019 to 31 March 2020. 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 developments in 2020
• FBT issues on ATO radar
• Introduction to FBT
• Key provisions
• Benefit categories:
  • Cars
  • Car parking
  • Entertainment
  • Debt waivers
  • Loans
  • Expense payment
  • Property
  • Housing
  • Living away from home
  • Airline transport
  • Board
  • Residual


• Exemptions from FBT
• Reductions in taxable value
• Reportable fringe benefits
• FBT Administration

This course reflects the FBT year ended 31 March 2020 and takes into account all FBT changes from 1 April 2019.

This course consists of one interactive online course, one downloadable PDF learning manual and one online assessment.

• 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 the 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