Page 38 - Taxation F6 - Income From Employment

Income from Employment

Fringe Benefits

• Right of use of a motor vehicle

• A taxable benefit arises when an employer grants the

employee the right of use of a motor vehicle owned by

the employer for private purposes.

• Cash equivalent = value for private use less

consideration given by the employee to the employer.

• Payments for costs that relate to licence ,insurance ,

maintenance or fuel in respect of such vehicle are only

allowed by the commissioner on assessment in certain

circumstances.

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