Curse of the jointly-owned investment property.

Australasian Business Intelligence | July 28, 2006 | Copyright

Byline: Julia Hartman

Jul 28, 2006 (Australian Property Investor Magazine - ABIX via COMTEX) -- Employees could potentially make use of the fringe benefits tax (FBT) to lower their tax bill. The "National Australia Bank v FCT 1993 ATC 4914" case illustrates that if an employer reimburses an employee's expenses, the amount would not be subjected to FBT. Thus an employee could sacrifice a portion of his salary towards his mortgage payments and potentially pay less tax. ...

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