Car Parking Fringe Benefits Tax Liability

Under the FBT law, and further guidance provided by TR 96/26, the provision of a car parking benefit can be taxed in a variety of ways. This is primarily due to the diversity in which an employer is able to provide a “parking” benefit and value the benefit. Secondary to this is the complexity of the FBT law, which naturally leads to confusion and misunderstandings.

With the FBT year end just around the corner on 31 March, park yourself up for a few minutes and we will share some thoughts…