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LAFHA Tax Implications for Company?

LAFHA Tax Implications for Company?

Old Mar 6th 2002, 5:11 am
  #1  
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Pommy Sheila is an unknown quantity at this point
Default LAFHA Tax Implications for Company?

We are about to approach the UK company that is sponsorsing our visa about claiming LAFHA. They ARE paying us an allowance, but if there are any negative tax implications relating to them, I can guarantee that they wont let us approach the ATO. Does anyone know of anything that might cause a problem.
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Old Mar 6th 2002, 9:35 pm
  #2  
Alan Collett
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Default Re: LAFHA Tax Implications for Company?

Hi there Sheila.

This might be of interest: http://www.gomatilda.com/news/article.cfm?articleid=61

Best regards.

Alan C www.gomatilda.com

Pommy Sheila wrote in message <[email protected]>... We are
about to approach the UK company that is sponsorsing our visa about claiming LAFHA.
They ARE paying us an allowance, but if there are any negative tax implications
relating to them, I can guarantee that they wont let us approach the ATO. Does anyone
know of anything that might cause a problem.

--
Posted via http://britishexpats.com
 
Old Mar 6th 2002, 10:36 pm
  #3  
Jb
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Default Re: LAFHA Tax Implications for Company?

ATO is aware of the LAFHA arrangements.As long as the visa sponsored is 457 it is
quite legal in the ATO eyes.Beware though the sums of LAFHA shud sound genuine .You
cannot have 30,000 in salary and 50,000 in LAFHA ..Know what I mean ...

Check the www.ato.gov.au site and read the regulation .

Cheers, JB
 
Old Mar 6th 2002, 10:42 pm
  #4  
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Default Re: LAFHA Tax Implications for Company?

Thanks Alan. I contacted the ATO and they said to give it a go. Fingers crossed company agrees! Doubtful!!!! They dont like filling in forms.
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