This TD, issued Wed 23.10.2013, states that when an employer reimburses an amount of expenditure incurred by an employee to a third party, under a salary sacrifice (or similar) arrangement with that employee, where that expenditure is notionally subject to Div 35 of the ITAA 1997, the amount included under s 35-10(2E) is increased when applying the “otherwise deductible rule” in s 24 of the FBTAA.
DATE OF EFFECT: Applies to years of income commencing both before and after its date of issue.
[LTN 205, 23/10/13]