How can I order a FBT car parking valuation report?

There are 3 ways you can order your report.

  1. Online via our secure form with payments processed by PayPal, the world’s most trusted Payment Provider. We conveniently accept credit card (Visa, Mastercard, AMEX). Go to the Online Ordering page
  2. Through a partner accounting firm
  3. Contact us if you want to discuss options or you have multiple (more than 10) locations for volume discounting

How long does it take to receive my report?

Our standard turnaround time once we receive all information and payment is 3 business days. Urgent or Express reports can be arranged for an additional fee. Please mention this when ordering.

What is the current daily FBT car parking rate liability threshold?

The threshold for theĀ 2023/24 year is $10.40. In 2022/23 year is $9.72, 2021/22 year is $9.25; 2020/21 year is $9.15; 2019/20 year is $8.95 (reference TD 2019/9), 2016/17 year is $8.48 (reference TD 2015/11), 2015/16 it was $8.37 and in 2014/15 it was $8.26 (reference TD 2014/5). The threshold for the 2011/2012 FBT year was $7.71 per day (reference TD 2011/14), for the 2012/2013 FBT year is $7.83 per day (reference TD 2012/9), and 2013/14 FBT year was $8.03 per day (reference TD 2013/9).

How does FBTme determine the value of a car parking benefit?

We source rates based on the most favourable valuation method:

  1. Daily commercial parking station
  2. Average cost at first and last day benefit was provided
  3. Market valuation

How do we source car parking rates for you?

We have exclusive access to a proprietary FBTme platform that uses a range of algorithms to source the best lowest rates on a daily basis across Australia. We are powered by which has the largest and most extensive car parking database and is Australia’s leading independent consumer parking search service.

FBTme has full access to the database including all the unpublished rates so we can deliver you the best and most appropriate rate for FBT purposes.

Read more on the Why use us? page.

What information does FBTme require to prepare a report?

We require addresses of all business locations and addresses of all employer provided parking in respect of those locations. We also need first and last dates that benefits were provided if the benefit began or ceased during the year.

Are there other ways to reduce the FBT liability?

Definitely. In our experience the use of a 12 week register will reduce the FBT liability significantly and once completed it is valid for 5 years. We co-developed LogbookMe which is an automated tool to track “no benefit” days where the employee use of the car parking is not subject to FBT. Our tool delivered ATO compliant CR2023/14 parking registers, check it out at LogbookMe.

We also have some more information about the updated releasedĀ Tax Ruling 2021/2 and other methods on saving FBT.

We didn't pay FBT on our car parking last year, do we need to worry?

A proper review and survey is required to determine if a FBT liability exists. Following the overhaul of the ATO’s interpretation of the FBTAA, resulting from the release of TR2021/2, the definition of a commercial parking station has broadened. This has resulted in a significant number of new areas being now subject to FBT. Even if last year’s treatment is correct, this year may be a completely different story. Commercial car parking stations are also constantly opening and closing (especially around city fringe areas) so a proper review and survey for each site is recommended each year.

Is it true that shopping centre car parks, hospital car parks and special event car parks should be ignored when considering FBT?

There has been a lot of change in the car parking FBT space following the repeal of TR96/26. We treat each analysis on a case by case basis looking at individual aspects of the site with reference to the new ruling TR2021/2, ATO ID’s, draft ruling advice and private ruling interpretative guidance attained by our clients. We are more than happy to help you assess whether you may have a liability around a destination penalty rate car park.

How do we measure the 1 kilometre radius?

The measurement is based on the shortest practical route from the entrance of the employer provided car park and the entrance to the commercial parking station. All principles in Draft Ruling 2019/D5 are applied. In all instances a proper survey is required to determine an accurate measurement. Often this requires more than one measurement and utilising our technology to ensure accurate and substantiable/auditable route maps.

FBTme uses a purpose-built technology platform to determine the optimal route distances and ensure that an audit trail is created for future reference. Our platform has been designed in consideration of FBTAA and Draft Ruling 2019/D5 and is constantly updated to account for any ATO ID’s that are released such as ATO ID 2014/12 which was recently released in respect of the definition of all day parking.

We don't know who parks in what spaces, how often and for how long?

Potentially you could be paying too much or too little FBT. Together with LogbookMe, we have developed an automated car parking register solution which identifies FBT exempt days.

My accountant reviews our annual FBT return, therefore the FBT liability should be correct?

It will depend on the scope of the review and whether your accountant has reviewed the car parking data and relevant calculations in detail. We do work with a lot of firms and accountants – ask them if they source their rates from FBTme!