4.0 CAR PARKING FRINGE BENEFITS Part

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Taxation Manual
FRINGE BENEFITS TAX
Section
:
4.0
CAR PARKING FRINGE BENEFITS
Part
:
4.3
Revised Date
: 24.07.2006
A car parking fringe benefit only arises when ALL of the following are satisfied:
•
a car is parked at the University’s premises;
•
there is a commercial parking station available for all day parking within a 1km radius of the
premises;
•
at the beginning of the FBT year the commercial parking station (which includes the visitors’
parking areas) charges a fee for all-day parking which is more than the car parking threshold [Refer
4.1 (Attachment A)];
•
the car is parked for a total of more than 4 hours between the hours of 7.00am and 7.00pm on the
day;
•
the car is owned by, leased to, or otherwise under the control of, an employee or is provided by the
University;
•
the parking is provided in respect of the employee’s employment;
•
the car is parked at or near the employee’s primary place of employment on that day; and
•
the car is used by the employee to travel between home and work at least once that day.
∗
Where the University pays for, or reimburses, an employee’s car parking expense an ‘expense
payment fringe benefit’ arises (Refer to Part 4.5).
There is a specific exemption from car parking fringe benefits for public universities and the above factors
do not need to be assessed.
104
IMPORTANT DISCLAIMER:
This tax manual has been developed as a joint effort by the public universities in Western Australia. No person should rely on the
contents of this tax manual without first obtaining advice from your University's tax accountant or other qualified professional. This
tax manual has been provided as a general reference guide, on the terms and understanding that the authors are not responsible for
the results of any actions taken on the basis of information in this tax manual, nor for any error or omission therein. The authors and
all Universities involved in the development and update of this tax manual expressly disclaim all and any liability and responsibility
to any person, in respect of anything done or omitted to be done by any such person in reliance, whether wholly or partially, upon the
whole or any part of the contents of this tax manual. You should not rely on this tax manual for your personal income tax obligations.
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