Question ID : 1613

Fringe Benefit Tax - Lease Deposit

A company pays advance security lease deposit, for rential houses which are used by the employees their personal capacity.

Its the obligation of the employees to pay for the monthly rent.

The lease of house is the name of the company.

The advance security carries no ter and is paid back at the end of the lease period.

Would the company pay Frge Benefit Tax on the notional ter amount ( cacluated at the prevelent market rates on the amount of security) ?

'

Post Your Answer

Please login to post your answer.