FBT & End of Year Parties - 2024

‘Tis the season to be glad, and not for FBT to get you mad! Learn about the tax implications of end of year parties, gifts & more.

In this session, we cover:

• Party planning and considerations

  • Meal entertainment

  • Entertainment facility leasing

  • Recreational entertainment

  • Other related costs: travel, gifts

• Sustenance vs Entertainment

• “Bundled entertainment”

• Meal entertainment

  • TR 97/17

  • For rebatable employers and tax exempt bodies

  • Valuation methods

  • Case studies

    • Onsite vs offsite party

    • Christmas dinner

• Gifts & Property benefits

• Record keeping requirements

Date recorded: 2 December 2024