Fringe benefits tax - exemption for eligible work-related items
The government will tighten the current fringe benefits tax (FBT) exemption for certain work-related items (including laptop computers, personal digital assistants and tools of trade) by ensuring the exemption only applies where these items are used primarily for work purposes. The measure reduces the FBT concession and tax expenditure for work-related items.
The FBT exemption will be limited to one item of each type per employee per FBT year (unless it is a replacement item). The measure will apply to items purchased from 7.30pm (AEST) on 13 May 2008.
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(Source: ATO)
