1. Gert is employed by ABC (Pty) Ltd from 1 March 2023. He earns an annual salary of R1 000 000 at ABC (Pty) Ltd for the 2023/2024 year of assessment. ABC (Pty) Ltd provides Gert with a house as residential accommodation from 1 May 2023. The house consists of 6 rooms. The house is not furnished by ABC (Pty) Ltd, and Gert is responsible for the electricity account. What is the amount to be included in Gert’s gross income as a fringe benefit in this regard for the 2023/2024 year of assessment?

Answer rating: 100% (QA)

To determine the fringe benefit value for the residential accommodation provided by ABC Pty Ltd we n... View the full answer