Oh yes indeed, or what would there be to stop a corporation part
'paying' an executive in house, cars, school fees and so on. Thus,
'fringe benefits tax' on those goods provided as part of a
remuneration package. These things only apply above a certain level -
swapping gardening for transport, for instance. But jobs that include
a roof over your head do require declaration of the housing as part
of the income, I believe. (Even the army charges rent these days for
family housing).
Andrew Fildes (who has accepted payment in kind, but never chickens).
afildes@xxxxxxxxxxxxx
On 06/04/2008, at 4:35 PM, David Thatcher wrote:
> I seem to recall reading somewhere that even the value of 'barter'
> income (e.g. payment 'in kind' like food & lodging or exchange of
> services rendered) may actually be taxable income, at least here in
> Australia.
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