A car parking fringe benefit and a car parking expense payment fringe benefit is exempt from FBT when provided by:
- charities (such as PBIs, HPCs and religious institutions) that are registered with the ACNC
- a scientific institution (other than an institution run for the purposes of profit or gain to its shareholders or members)
- a public educational institution.
A car parking fringe benefit when provided by a PBI, HPC, religious institution, public hospital, not-for-profit hospital or public ambulance service is not included in the calculation of the capping thresholds for the FBT exemption and rebate. This is an excluded benefit for reporting purposes and therefore excluded from an employee's individual fringe benefits amount.
Car parking fringe benefits
Work out if your not-for-profit organisation is entitled to the FBT concession for car parking.