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  • N – Car parking

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    You are not providing a car parking fringe benefit when you provide car parking facilities for employees unless both of the following apply:

    • there was a commercial car parking station within one kilometre of the employer-provided facility
    • that car parking station charged more than $7.83 for all-day parking at the start of this FBT year.

    Example: Calculate car parking fringe benefits

    An employer has 10 parking spaces under their city building for employees to use for the FBT year. The car parking fringe benefits are valued at $20,000. The employee has not made any contributions during the year.

    The employer shows this at item 23 as follows:

    Example of employer entry at item 23

    End of example
    Last modified: 23 Oct 2013QC 27133