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FBT - Christmas Party

Newbie

Views 508

Replies 3

Hi,

 

Does venue hire (exclusive use) and food/beverage for a Chirstmas Party get treated as seperate benefits for the purposes of the minor benefit exemption? Are these deemed the same entertainment benefit or are they associated benefits and therefore capable of being analysed seperately?

 

For example, venue hire is $100 per head, while food/beverage is $205 per head. Individually they may be minor benefits however combined they are greater then $300.

 

Thank you

 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Community Moderator

Replies 0

Hi @Jobkeeper_101 

 

This is such a popular question we have a whole page on the website regarding FBT and Christmas parties.

3 REPLIES 3

Dynamo

Replies 0

There's a lot of helpful stuff on the ato website on this. From memory because all the costs are for the one thing you'd need to aggregate them so you would fall foul of the minor benefits.

Devotee

Replies 0

The entire XMas party is combined as one "item". Based on your theory you could go to the extent of saying each drink is under $300 so all drinks regardless of aggregate are exempt...

Most helpful response

Community Moderator

Replies 0

Hi @Jobkeeper_101 

 

This is such a popular question we have a whole page on the website regarding FBT and Christmas parties.