Motor Vehicle Allowance for Real Estate Salespersons08-Jul-2011
Did you know that there is a specific motor vehicle allowance, specific to real estate salespersons, which is exempt from payroll tax?
That's right! It is well known that real estate salespersons travel extensively to carry out their duties and it is difficult for them to maintain records. As a consequence real estate sales staff may be paid a motor vehicle allowance of a fixed amount, also known as a locomotion allowance.
This could save you thousands of dollars in payroll tax if you meet the conditions.
Meeting those conditions is fairly simple.
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