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 2003?
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FOI status:may be released
|The number, subject heading, date of effect and paragraph 1 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.|
2. The car parking threshold set in this Determination has been ascertained by adjusting the previous year amount ($5.96) by a factor equivalent to the movement in the All Groups Consumer Price Index (3.4 percent).
4. Two of these conditions are, that 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.
5. 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 2003 is $5.50, $6.00 and $7.00, the condition is satisfied because the lowest fee charged by one of the operators on 1 April 2003 is more than the car parking threshold.
Date of effect
Commissioner of Taxation
21 May 2003
Not previously issued in draft form
car parking benefits
car parking fringe benefits
car parking threshold
FBT commercial parking station
FBT motor vehicle parking
fringe benefits tax