Tax Free Holiday Accommodation

CBB Holiday Accommodation allows you to salary package the cost of accommodation in luxury resorts, apartments, hotels, motels, budget cabins and on-site caravans, even cruises!

You can either pay for the accommodation and claim the expense from future earnings tax free, or you can have funds set aside tax free each pay period so that you can have the cost reimbursed to you on your return.

The Australia Taxation Office allows for Holiday Accommodation to be packaged in the following circumstances:

• Expenses incurred are in respect to accommodation only, and excludes flights and other travel expenses, mini bar, movies, parking and dry cleaning.
• You must go, stay, pay and submit claims on your return.
• You must provide a Tax Invoice with ABN, or the overseas equivalent, and your name should appear on the invoice.
• If the accommodation is overseas, you should pay using a credit card and then submit the credit card statement with the invoices so that the currency conversion is provided. If you pay by cash then you must be able to provide proof of the exchange rate applicable to that date.

Don't forget this benefit is over and above your regular salary packaging and it is not a reportable fringe benefit. Holiday Accommodation benefit is subject to your employer agreeing to allow your organisation to participate in this program.

For more information please call our friendly helpline staff on 1300 763 505.