- The cost of packaging in virtually all cases will result in an increased take home pay for the employee.
- For employees of exempt and concessionally taxed employers, the savings will be even greater.
- Combine the packaging of a car and a car park – FBT savings can be generated for both by recording "no benefit" days on the same documentation. Let us show you how... contact us.
- Prepare a log book for your car benefit and car parking benefit at the same time – save time and double the savings. Let us show you how... contact us.
- The employer claims the GST and only charges you the GST exclusive cost.
- Car parking is a concessionally taxed fringe benefit.
- If your employer provides the parking outside the vicinity of where you work, then the parking may be FBT free.
- If where you work is outside the main CBD area, then the parking may be FBT free.
- Use of the after tax contribution method will generally give rise to even greater employee savings.
- The FBT law allows for a number of valuation methodologies – choose the one that fits your work lifestyle.