Country life is pretty special in Australia, and for employees living and working outside of major regional centres, there are fringe benefits tax (FBT) advantages that can make that choice to stay or that tree change dream all the more worthwhile.
If you live and work more than 40 kms from a town of a small to medium-size town, or at least 100 kms from a regional centre* you may be eligible for FBT concessions such as claiming half the interest on your mortgage or half your monthly rent as a tax concession.
For eligible employees, payments are directed to your nominated bank account(s) and normally paid within 1 working day of your monthly claim.
Eligibility criteria: You can claim savings on your mortgage/rent or relocation expenses. This can only be claimed if you work in a defined remote area. You must live AND work more than 40kms from a town with 14,000 people or more and 100kms from an urban centre with over 130,000 people. There are some exceptions to this, please ask us if you believe you may qualify or need more information.