FBT: LAFHA – reasonable amounts for meals for 2023-24 FBT year  

The ATO released the weekly amounts it considers reasonable for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the 2023-24 FBT year (ie starting 1 April 2023).

For Australian locations, the reasonable weekly amounts are: 1 adult – $316; 2 adults – $474; 3 adults – $632; 1 adult and 1 child – $395; 2 adults and 1 child – $553; 2 adults and 2 children – $632; 2 adults and 3 children – $711; 3 adults and 1 child – $711; 3 adults and 2 children – $790; and 4 adults – $790. For larger family groupings, $158 is added for each additional adult, while $79 is added for each additional child under 12.

An “adult” for this purpose is a person who is aged 12 years or more on 31 March 2023.