Assessable Accommodation Benefit

This topic has 4 replies, 3 voices, and was last updated 10 years ago by sabahat.

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May 25, 2015 at 12:51 pm #248808
Kristy
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Good Day,
I have a question:
Ali Khan’s employer AT Ltd provides him with accommodation which cost $150, 000 and has an annual value of $1,500. AT Ltd also pays the cost of accommodation as follows:
Electricity- $1,340
Gas Bills- $1,200
Cleaning- $2,500
Private telephone calls- $850
Structural repairs- $3,000
What is the assessable benefit?
Is it:
1,500 + (150,000-75,000) + the additional costs totalling 8,890 = $85,390 ?
May 25, 2015 at 4:24 pm #248873
Tax Tutor
Member
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Annual value = 1500
Expensive accom’n (150,000 – 75,000) x 3.25% = 2437
Running expenses (1340 + 1200 + 2500 + 850) = 5890
Total 9827
May 25, 2015 at 4:48 pm #248880
Kristy
Member
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Oh i feel so silly now. I understand. Thank you 😀
May 29, 2015 at 11:15 am #250153
sabahat
Participant
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m not clear about structural costs
May 29, 2015 at 11:19 am #250158
sabahat
Participant
- Topics: 15
- Replies: 16
ohhh i got it
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