• Small business car parking

    Legislative reference: section 58GAExternal Link of the FBTAA.

    If you are a small business employer, car parking benefits you provide are exempt if all the following conditions are satisfied:

    • 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
    • you were either a small business entity for the last income year before the relevant FBT year, or 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 ITAA 1997, that is, total gross income before any deductions.
      Last modified: 08 Jan 2014QC 17820