FBT Solutions

CAR PARKING VALUATION

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1800 FBT SALPAC (1800 328 725)

2022 FBT WORKSHOPS

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SALARY PACKAGING

Employers  Training
1800 FBT SALPAC (1800 328 725)

Car Parking FBT Valuations

The car parking FBT rules are complex, changing and often misunderstood. Let us help you simplify the rules to maximise your understanding and minimise your FBT liability.

***  KEY FBT CHANGES STARTING 1 APRIL 2022. LET US HELP YOU MANAGE ANY POTENTIAL EXPOSURE.  ***




We help our clients understand the complex rules around car parking fringe benefits and provide quality car parking rate reports for FBT returns. Order car parking rates for your FBT return.

*** KEY FBT CHANGES FROM 1 APRIL 2022 – WE CAN HELP ASSESS THE IMPACT ***

Checkout our FBT car parking hot spots: CAR PARKING FBT HOT SPOTS

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Car Parking Liability Assessment and Valuations


fbt-solutions-car-parking-icon2How we can help you

We can help you in a variety of ways including:

  • Reviewing your valuation methodologies
  • Assessing your daily rate calculations
  • Checking on the 1 kilometre radius
  • Reviewing your policies, processes and procedures
  • Reviewing past FBT returns


fbt-solutions-car-parking-icon3Identify Savings

Can we reduce our FBT liability? We can help you to understand the complex rules as they apply to your business by looking at:

  • Alternate valuation methodologies
  • Use of 12 week registers (valid for 5 years)
  • Frequent travellers
  • Restructuring parking arrangements
  • Salary packaging of car parking


We have identified significant savings for our clients on their historical (obtaining a ATO refund) and ongoing car parking FBT liability

We have saved clients tens of thousands of dollars on their car parking FBT liability by providing lower commercial parking rates within a 1km radius of their office locations. For example, many employers value their car parking fringe benefits in the Sydney CBD at over $20 per day. In the past, we have been able to source commercial parking rates within a 1km radius as low as $12 per day. The $8 difference per parking space per day will result in significant historical and ongoing FBT savings for employers!

We can help by identifying the lowest daily rate within 1 kilometre

This is the most significant area where FBT savings can be made – either by reducing the FBT liability or eliminating FBT altogether.

Whether you value / calculate your car parking fringe benefits using any of the following methods or a combination of these methods:

  1. Actual days;
  2. Statutory formula method;
  3. 12 week register method;
  4. Average cost method; or
  5. Commercial parking station method

We can help you to reduce your FBT liability. Companies, Accounting firms and Government organisations request our services for a number of reasons:

Check out our FBT Hot Spots listing: CAR PARKING FBT HOT SPOTS


Contact us if you would like more information about how we can reduce your FBT liability and possibly obtain an ATO refund

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