Is there a “fringe benefit”?
2. Is the benefit excluded from the definition of “fringe
benefit”?
3. Does an exemption apply to the “fringe benefit”?
4. Determine the taxable value of the “fringe benefit”
5. Determine if there is a reduction in taxable value
6. Determine whether the “fringe benefit” is a Type 1 or
Type 2
7. Calculate the fringe benefit taxable amount
8. Calculate the FBT liability