Legislation

ITAA 1936 s 136(1) of the FBTAA, as the loan benefit, being the allowing of time to repay, is not a payment of salary or wages or a payment that would be salary or wages if salary or wages included exempt income for the purposes

ATO documents that consider ITAA 1936 s 136(1) of the FBTAA, as the loan benefit, being the allowing of time to repay, is not a payment of salary or wages or a payment that would be salary or wages if salary or wages included exempt income for the purposes

1 document

TD 2008/10currentTD · 2008

Fringe benefits tax: where an employer recognises they mistakenly paid to their employee an amount that the employee is not legally entitled to, but is obliged to repay, and afterwards allows the employee time to repay the amount, is there a 'loan benefit' under subsection 16(1) of the Fringe Benefits Tax Assessment Act 1986?