• 16.10 Exempt benefits - small business car parking

    If you are a small business employer, car parking benefits you provide are exempt if:

    • the parking is not provided in a commercial car park
    • you are not a government body, a listed public company or a subsidiary of a listed public company, and
    • either
      • you were a small business entity for the last income year before the relevant FBT year
      • your total income for the last income year before the relevant FBT year was less than $10 million. For this purpose, your income includes ordinary income and statutory income as defined in the Income Tax Assessment Act 1997, that is, total gross income before any deductions.
       

    There are special FBT transitional rules which mean an entity can be considered to be a small business entity for the 2005-06 and 2006-07 income years as if the small business entity provisions had applied to those earlier years. From 1 April 2007 such an entity will be entitled to utilise the concession provided it also meets the first two dot point requirements.

    See also:

    • TR 96/26 - Fringe benefits tax: car parking fringe benefits.
    • TD 2011/14 - Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 what is the car parking threshold for the fringe benefits tax year commencing on 1 April 2011?
    • TD 2012/9 - Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 what is the car parking threshold for the fringe benefits tax year commencing on 1 April 2012?

    Changes and updates

    The following tables detail any major changes and updates made to this chapter.

    June 2012

    Section

    Changes and updates

    16.1 What is a car parking fringe benefit?

    Updated car parking thresholds table

    More information

    Most recent tax determinations included.

    Removed reference to older tax rate determinations.

      Last modified: 18 May 2017QC 17813