Residual Fringe Benefits
A residual fringe benefit is any fringe benefit that does not fall into one of the more specific categories covered by the FBT legislation.
The taxable value of a residual benefit will depend on whether the benefit is an in-house benefit or an external benefit. Any residual benefit that is not an in-house residual fringe is an external fringe benefit.
An in-house residual fringe benefit is 75% of the lowest arm's length price charged to the public for identical benefits, less any amount paid by the employee. The taxable value is the cost price under an arm's length transaction, less any amount paid by the employee.