Remote Area Housing

Overview

Remote Area Housing is a tax concession provided by the Federal Government to assist employers who operate from rural and remote areas of Australia in order to assist in attracting and retaining new employee. If a person is eligible and *conditions apply, an individual can claim a 50% reduction in the Fringe Benefits Tax payable for assistance in housing whether purchasing (mortgage loan) or rental payments.

What are the conditions?

Employer must be located in a remote area according to ATO guidelines.
You as the individual employee must live in a remote area according to ATO guidlelines
The Mortgage Loan or Rent you wish to claim as Remote Area Housing must be your main and principal residence. Investment properties such as beach or holiday houses cannot be claimed and if the mortgage used has a draw down facility, which may include the purchase of motor vehicles, boat or motorbike, the interest portion of the loan cannot be claimed under the above mentioned benefit.

Contact EZIWAY to determine whether this benefit is appropriate for you on 1800 932 394