‘Commercial parking station’ definition under review as Government consults on car parking FBT

As detailed by David Sofrà, Nathan Hamilton and Langdon Patrick, the Federal Government will undertake consultation with the intent of amending the definition of “commercial parking station” to restore the previously-understood application of FBT to car parking benefits.

Amidst the excitement of the build-up to the Federal Budget on Tuesday, the Assistant Treasurer announced by media release that the Federal Government will be undertaking consultation with the intent of restoring the previously-understood application of fringe benefits tax (FBT) to car parking fringe benefits. A car parking fringe benefit can only arise where the employee parks their car for at least four hours during a daylight period in an employer-provided space in the vicinity of the pri...

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Authors: David Sofrà, Nathan Hamilton,

Published Date: 31 March 2022