Living Away From Home Allowance (LAFHA)
Under the Fringe Benefits Tax (FBT) rules, individuals who satisfy the living away from home criteria can be paid an allowance (LAFHA) which may receive concessional tax treatment.
There are two components of LAFHA - accommodation and reasonable food.
Each year the Australian Taxation Office (ATO) issues guidelines for the amount of the food component it will regard as reasonable within Australia. Substantiation is not required for amounts equal to or less than the reasonable food component.
You must firstly ensure that your Employer allows you to package this benefit. THEN if so .
Please contact Remunerator on 1300 654 834 to discuss prior to submitting an application.