Taxation Determination

TD 2000/26

Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 (FBTAA) what is the car parking threshold for the fringe benefits tax (FBT) year commencing on 1 April 2000?

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FOI status:

may be released

Preamble
The number, subject heading, date of effect and paragraphs 1 to 3 of this Taxation Determination are a 'public ruling' for the purposes of Part IVAAA of the Taxation Administration Act 1953 and are legally binding on the Commissioner. The remainder of the Determination is administratively binding on the Commissioner. Taxation Rulings TR 92/1 and TR 97/16 together explain how a Determination is legally or administratively binding.
Date of effect
This determination applies to the FBT year commencing on 1 April 2000. However, this Determination does not apply to taxpayers to the extent that it conflicts with the terms of settlement of a dispute agreed to before the date of the Determination (see paragraphs 21 and 22 of Taxation Ruling TR 92/20).

1. The car parking threshold for the FBT year commencing on 1 April 2000 is $5.46. This replaces the amount of $5.31 that applied in the previous year.

2. The car parking threshold set in this Determination has been ascertained by adjusting the previous year amount ($5.31) by a factor equivalent to the movement in the All Groups Consumer Price Index (2.8 percent).

3. Section 39A of the FBTAA sets out a number of conditions that must be met before car parking facilities provided by an employer to an employee will be subject to FBT.

4. One of these conditions is that there is a commercial car parking station located within 1 kilometre of the employer provided car park and the lowest fee charged by the operator is more than the car parking threshold. Where there is more than one commercial parking station located within 1 kilometre, the condition is satisfied where the lowest fee charged by any of the operators is more than the threshold. For example, if there are 3 commercial parking stations located within 1 kilometre of the employer provided car park and the lowest fee charged by each of the operators on 1 April 2000 is $4.00, $4.50 and $5.50. The condition is satisfied because the lowest fee charged by one of the operators on 1 April 2000 is more than the car parking threshold.

Commissioner of Taxation
21 June 2000

Not previously issued in draft form

References


BO Cell 202-99

ISSN: 1038-8982

Related Rulings/Determinations:

TD 96/23
TD 97/17
TD 98/8
TD 1999/28

Subject References:
Car parking benefits
car parking fringe benefits
car parking threshold
FBT
FBT commercial parking station
FBT motor vehicle parking
fringe benefits tax

Legislative References:
FBTAA 39 A

TD 2000/26 history
  Date: Version: Change:
You are here 21 June 2000 Original ruling  
  4 May 2016 Withdrawn