From www.accountantsdaily.com.au: The Federal Court ruled that a Toowoomba shopping centre car park is not classified as a ‘commercial parking station’ for FBT purposes because it is not operated for profit.

This decision contradicts the Australian Taxation Office’s view in Taxation Ruling TR 2021/2, which could significantly impact how employers provide car parking benefits for their employees.

Employers are advised to continue following TR 2021/2 until the case is resolved, especially since the Commissioner has appealed the decision.