ATO FBT Guidance – COVID-19 and working from home benefits

The ATO has recently released a fact sheet for employers to provide guidance on the potential fringe benefits tax (FBT) implications of COVID-19 related working from home (WFH) arrangements.

A school’s FBT obligations may be affected if you have provided a benefit to your staff to facilitate WFH arrangements due to the impacts of COVID-19, or indeed more generally.·The fact sheet covers certain residual, property or expense payment benefits which may be exempt from FBT or have their taxable value reduced under the ‘otherwise deductible’ rule.  The fact sheet covers –

  • Work laptop, other portable electronic device and tools of trade
  • General office equipment
  • Counselling
  • Health care

A copy of the fact sheet is available online on the ATO website here.