A car parking fringe benefit may arise for each day on which an employer provides a car parking space for use by an employee.
Refer to Car parking fringe benefits for more information.
Start of example
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 employees have not made any contributions during the year.
The employer shows this at item 23 as follows:
End of example