TR 2019/D5 – FBT on car parking benefits – ruling updated to increase FBT so it is based on penalty all day rates to discourage all day parking

On 13 November 2019, the ATO issued TR 2019/D5 – dealing with FBT on employer provided car parking. It replaces TR 96/26, after the 2010 Virgin Blue Airlines and the 2014 Qantas Airways cases – making several changes. See related Tax Technical article.

See below for a summary.

[Tax Month – November 2019]