Deductible Business Travel or Fringe Benefits

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 · Accepted Answer

ChantelleATO · Answer

Your business can claim a deduction for travel expenses related to your business, whether the travel is taken within a day, overnight, or for many nights. Our page about Deductions for travel expenses (https://www.ato.gov.au/Business/Income-and-deductions-for-business/Deductions/Deductions-for-travel-expenses/) has more info. FBT may apply (https://www.ato.gov.au/Business/Fringe-benefits-tax/) if your business pays for or reimburses the employees for travel expenses. If you are the director of a company and the business pays for private portions of your travel expenses, there may also be Division 7A implications. Check out Private Company Benefits - Division 7A dividends (https://www.ato.gov.au/business/private-company-benefits---division-7a-dividends/) on our website.

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