2024/25 FBT car parking threshold announced

FBT, Public
Author: Michael Doran
30 May 2024

The ATO has recently announced the car parking threshold for 2024/25 is $10.77 (up from $10.40).

The threshold is fundamental to determining whether an employer has a car parking fringe benefit liability.

In particular, employers that provide car parking to employees need to consider whether:

  • a commercial parking station is located within 1km of the employer provided parking; and
  • on the first business day in the 2024/25 FBT year (which was 2 April 2024 due to 1 April being a public holiday), was the lowest fee charged for all-day parking by any such commercial car park more than the car parking threshold.

As evidenced by the recent TaxEd FBT roadshow, as a result of changes in the ATO approach to what is a commercial parking station (refer TR 2021/2) many more employers are becoming subject to FBT on car parking fringe benefits.

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This article provides a general summary of the subject covered as at the date it is published. It cannot be relied upon in relation to any specific instance. TaxEd Pty Ltd and any person connected with its production disclaim any liability in connection with any use. It is not intended to be, nor should it be relied upon as, a substitute for professional advice.


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