Benefit information

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

This article applies to:

  • Product: ONESOURCE Fringe Benefits Tax