FBT Car Parking
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
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