Car Parking Fringe Benefit

by

Ed.

From www.alvarezandmarsal.com: The Federal Court of Australia ruled that the Grand Central Shopping Centre’s car parking facilities do not qualify as a “commercial parking station” for Fringe Benefits Tax purposes, challenging the Australian Taxation Office’s broader interpretation.

This decision may narrow the scope for FBT liabilities on employee parking and raises questions about other facilities that operate primarily to support businesses rather than as standalone profit-making ventures.

Filed under: FBT