Guide to small business entity concessions

FBT on car parking fringe benefits

When you incur FBT on a car parking fringe benefit

You provide a car parking fringe benefit for each day you provide parking for an employee and you meet all of the following conditions:

• a car is parked at premises that you own, lease or otherwise control
• the car is parked for a total of more than four hours between 7.00am and 7.00pm on the day
• either you provided the car or it is owned, leased or otherwise controlled by your employee
• you provide the parking as part of your employee's employment
• the car is parked at or near your employee's primary place of employment on that day
• your employee uses the car to travel between home and work (or work and home) at least once on that day
• within a one-kilometre radius of the premises where the car is parked, there is a commercial parking station that charges a fee for all-day parking, which is more than the car parking threshold
• the commercial parking station, at the beginning of the FBT year, charges a representative fee for all-day parking that is more than the car parking threshold.

When car parking you provide is exempt from FBT

Car parking benefits you provide are exempt from FBT if:

• you don't provide the car parking in a commercial car park
• you aren't a government body, a listed public company or a subsidiary of a listed public company
• your business was a small business for the last income year before the relevant FBT year (the FBT year is from 1 April to 31 March).

	If you don't meet the definition of small business, you may still be entitled to the FBT car parking exemption if your total ordinary and statutory income for the last income year before the relevant FBT year was less than $10 million.
	Small business entity concessions - home

Sections within FBT concession

• FBT on car parking fringe benefits
• FBT on car parking benefits exemption