Fringe Benefits Tax Car Parking
FBT Solutions can assist you to assess your FBT liability and reporting obligations in relation to Car Parking

The FBT rules for car parking are complex. This complexity, together with poor administration processes, often leads to employers:

fbt solutions car parking

Paying too much or too little FBT due to valuation errors
Failing to identify car parking benefits
Paying FBT on unused car parking spaces
Incorrectly paying FBT on 24 hour or less than 4 hour parking

Would you like to know how affordable FBT Outsourcing is?

FBT Car Parking

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What is a parking benefit?

If you provide or reimburse any of the following, you will probably have a parking benefit:

Leasing of car parking
Owned car parking
Parking related to shift workers
Provision of car parking vouchers
Provision of car parking passes
Reimbursement of car parking expenses
Valet parking

How we can help you

We can help you in a variety of ways including:

Reviewing your valuation methodologies
Assessing your daily rate calculations
Checking on the 1 kilometre radius
Reviewing your policies, processes and procedures
Reviewing past FBT returns

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Identify Savings

Can we reduce our FBT liability?

We can help you to understand the complex rules as they apply to your business by looking at:

Alternate valuation methodologies
Use of 12 week registers (valid for 5 years)
Frequent travellers
Restructuring parking arrangements
Salary packaging of car parking