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.




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