Money Doesn’t Come Without Guidance ...
A housing fringe benefit occurs when an employee is provided with a house by his/her employer and is provided the right to use the unit as his/her common place of residence. If an individual also shares the space, then it will also be considered under the housing fringe benefits. The place of accommodation may include –
Nevertheless, if the unit of accommodation is not used as the usual place of residence then the right to use the unit is not a housing fringe benefit, rather it may give rise to a residual fringe benefit.
There are two sub-categories of these benefits for tax valuation purposes. These are:
Comments 0
Currently, there are no comment.