On 1 April 2018, a company provided its employee Jason with the use of a two-bedroom apartment in Brisbane. During the FBT year ending on 31 March 2019, the market rental rate for this apartment was $400 per week ($20,800 annually) and Jason paid $100 per week ($5,200, annual rent payment). The weekly market rental in the FBT year ending on 31 March 2020 increased to $440 ($22,880, annual total rental), and the company did increase Jason's weekly rental rate to $120 per week. What is the employer's FBT liability on the provision of this accommodation?

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The Answer of On 1 April 2018, a company provided its employee Jason with the use of a two-bedroom apartment in Brisbane. During the FBT year ending on 31 March 2019, the market rental rate for this apartment was $400 per week ($20,800 annually) and Jason paid $100 per week ($5,200, annual rent payment). The weekly market rental in the FBT year ending on 31 March 2020 increased to $440 ($22,880, annual total rental), and the company did increase Jason's weekly rental rate to $120 per week. What is the employer's FBT liability on the provision of this accommodation?

On 1 April 2018, a Company Provided Its Employee Jason