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Notes Online Home 2020 FBT Basics Different types of fringe benefits
Residual fringe benefits
In this part of the notes we look into residual fringe benefits. In particular, the following:
• When does a residual fringe benefit arise?
• Calculating the taxable value of a residual fringe benefit
• Applying the ‘otherwise deductible rule’
• Which FBT gross-up rate applies?
• Is GST payable in respect of a residual benefit?