Residual benefit overview
A residual benefit is an item which falls within the broad definition of a benefit but does not fall into one of the other more specific benefit types in the Fringe Benefits Tax Assessment Act. A residual fringe benefit is either an in-house benefit or an external benefit.
Benefits that would generally be regarded as residual benefits include the following:
- The provision of personal services
- The provision of general services, such as a public transportation company that provides free travel to employees traveling to and from work
- The provision of facilities such as the use of property, the provision of insurance coverage
- The provision of a motor vehicle that is not a car
- Barter and countertrade of services transactions
Latest Information
See the ATO website for additional details and the most up to date information: