Jenny is an employee and she is based in the company's Melbourne office and lives in a three-bedroom house in Melbourne, which is under her name. In order to complete a project, Jenny was seconded to the Sydney office for 18 months starting on 1 April 2019 and her husband and child (aged 8 years old) moved with her for the whole period. During the 2019-2020 FBT year, the company provided Jenny with a LAFHA for $860 per week, consisting of $560 per week for accommodation and $300 per week for food. Jenny made a declaration for living away from home to her company, provided the required documentary evidence to show that she spent at least $560 per week for the rental but she did not substantiate the food expenditure as the amount that she actually spent on food is less than the Commissioner's reasonable food amount ($472). What is the taxable value of the LAFHA FBT for the company?

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The Answer of Jenny is an employee and she is based in the company's Melbourne office and lives in a three-bedroom house in Melbourne, which is under her name. In order to complete a project, Jenny was seconded to the Sydney office for 18 months starting on 1 April 2019 and her husband and child (aged 8 years old) moved with her for the whole period. During the 2019-2020 FBT year, the company provided Jenny with a LAFHA for $860 per week, consisting of $560 per week for accommodation and $300 per week for food. Jenny made a declaration for living away from home to her company, provided the required documentary evidence to show that she spent at least $560 per week for the rental but she did not substantiate the food expenditure as the amount that she actually spent on food is less than the Commissioner's reasonable food amount ($472). What is the taxable value of the LAFHA FBT for the company?

Jenny Is an Employee and She Is Based in the Company's