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Computing the Value of LAFHA (Living Away From Home Allowance)
August 2010Watch the following video and learn about calculating the value of LAFHA: [youtube eBZtaVl9Mqg] A business structure or entity is allowed to pay a living away from home allowance (LAFHA) to an employee who is living away from home as part of their work duties. This allowance is not treated as income...
Tax Treatment of Living Away From Home Allowance (LAFHA)
August 2010Watch this video to learn about the living away from home allowance and tax: [youtube V3YY83BuQ9c] In addition to the salary you can receive as an employee, you may also be entitled to a living away from home allowance (LAFHA) which is used to compensate for the additional expenses and any disadvantage...
Living Away From Home Allowance
May 2009These concessions recognize that if an employee is required to live away from their usual place of residence, they will incur additional expenses which are fundamentally private or domestic in nature. The law permits employers to pay a tax free benefit, known as Living Away From Home Allowance (LAFHA),...