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Changes to the tax treatment for Living Away from Home Allowance
25/07/2014
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Changes to the tax treatment for Living Away from Home Allowance
25/07/2014
The Fringe Benefit Tax changes became operational from 1 October 2012 may impact on apprentices and trainees regarding their Living Away From Home Allowance (LAFHA) and the requirement to maintain a home.
 
The Australian Tax Office (ATO) indicates that access to the tax concession for LAFHA only now applies so long as employees ‘maintain’ a home, which presumably means they own or rent one. In many instances apprentices and trainees would not own or rent a home themselves.

Please refer to the Australian Taxation Office website or seek advice from your accountant.
Source www.ato.gov.au July 2014
 
For more information about personal benefits for trainees and apprentices, follow this link.