Income tax and fringe benefits tax: when are deductions allowed for employees’ travel expenses?

Travel expenses, including transport and accommodation, meal and incidental expenses, FBT may arise over the course of employment. There is certain amount of taxable value of the benefits that employees are entitled to claim as an income tax deduction, had the employee incurred the benefit themselves. The general rule remains that the amount of ordinary costs that incurred between home and employment place are not deductible

TR 2017/D6 provides a list of travel examples to present how to come and identify which travel expense for an employee is deductible. Weather an expense can be deducted depends on the facts of each scenario or circumstances under which the activity takes place

…To find out more about which items on your lists within the employment can be used for tax deduction, come and talk to us Tax Ideas Accountants & Advisers

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