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salary packaging rental property expenses

Discussion in 'Accounting, Tax & Legal' started by rosemary, 1st Jan, 2007.

  1. rosemary

    rosemary Member

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    Does anyone know of an organisation that allows rental property expenses to be salary packaged?

    Rosemary
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Most healthcare workers in some form or other have access to this benefit - I know that nurses working in public hospitals can definitely do this.

    Not sure of any other organisations.
     
  3. rosemary

    rosemary Member

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    Thanks for replying. I am wondering however if this aspect relates to something alse, rather than the salary packaging of expenses related to rental properties. This is a very recent ruling from the tax department, which allows these expenses to be claimed by one party even when the rental property is in joint names.

    Any other ideas please?
     
  4. JIT

    JIT Well-Known Member

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  5. rosemary

    rosemary Member

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    Thanks. Julia has approached me for more info, because I seem to be ahead of the game on this issue.

    R

    Im still looking for the names of specific companies and governement departments which are allowing this type of expense to be salary sacrificed.
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Nick is still on leave, but I'll chase him for some info when he gets back.

    If you do find the information you are looking for rosemary, it would be great if you could share it with us for everyone's benefit - thanks.
     
  7. rosemary

    rosemary Member

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  8. NickM

    NickM Co-founder Staff Member

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    Hi Rosemary
    This would be on a case by case basis for each employer. If the employer was comfortable with the arrangement and the employer is conducive to salary sacrificing, then I cant see why they would not embrace it on behalf of their employees.
    Is this what you meant in your initial query ?
    NickM
     
  9. rosemary

    rosemary Member

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    Yes and No.

    I realize there is the issue of confidentiality but I am trying to name an organisation which allows this to happen, so that I can quote this to my husband's employer - as a sort of precedent. There isnt a lot of evidence to suggest government and non-gov groups are allowing this item in salary packaging and so, his employer is reluctant to act on it. If I had a name .... I could use that.
     
  10. tucker

    tucker New Member

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    Salary packaging

    Hi,

    I am wondering if someone could help me with a query.

    I read an example (not sure where now) of a person that was salary sacrificing there home loan repayment, in order to reduce their income to a level that would allow them to receive a parenting payment from centrelink.

    I would like to do this, however, I need to know whether it is reasonally common place. Further, I need to create a proposal for my boss, so I am wondering what happens with FBT?? Do I pay it??if so, when??

    Any assistance would be great.
     
  11. Rob G.

    Rob G. Well-Known Member

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    Reportable fringe benefits are often counted for Centrelink.

    Sometimes negative geared investment losses as well.

    Cheers,

    Rob