Long awaited FBT car parking ruling released
Businesses will finally have certainty on car parking fringe benefits with the release of a long awaited ruling that provides clarification on the meaning of a commercial car parking facility. This new definition differs from the previous ATO view that car parking facilities with a primary purpose other than providing all day parking were not commercial parking stations. This means that those car parks charging penalty rates significantly higher than the rates chargeable for all-day parking will be considered to be commercial parking stations going forward.
