You are not providing a car parking fringe benefit when you provide car parking facilities for employees unless both of the following apply:
- there was a commercial car parking station within one kilometre of the employer-provided facility
- that car parking station charged more than $7.83 for all-day parking at the start of this FBT year.
Start of example
Example: Calculate car parking fringe benefits
An employer has 10 parking spaces under their city building for employees to use for the FBT year. The car parking fringe benefits are valued at $20,000. The employee has not made any contributions during the year.
The employer shows this at item 23 as follows: