Fringe Benefits Tax Assessment Act 1986

PART III - FRINGE BENEFITS  

Division 10A - Car parking fringe benefits  

Subdivision C - Statutory formula method - spaces  

SECTION 39FC  

39FC   MEANING OF DAILY RATE AMOUNT  


The daily rate amount for a space is the amount that would be worked out using whichever of the following methods that the taxpayer chooses:


(a) the commercial parking station method;


(b) the market value method;


(c) the average cost method;

as the taxable value of the car parking fringe benefit for the space, if there were no recipients contribution.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.