How it Works
Rental payments can form part or your entire threshold amount for General Expenses per fringe benefits tax (FBT) year.
The FBT year begins 1st April and runs to 31st March each year. Employees beginning their package part way through an FBT year can still access their entire threshold.
The lease arrangement does not have to be solely in your own name.
Where the payment is not made directly to the loan account the amount specified cannot exceed the loan repayment amount.
Rental repayments can be paid directly to your landlord or real estate agent.