Car parking fringe benefits – here we go again
The recent case Toowoomba Regional Council v FCT challenges the current ATO guidance causing uncertainty for employers who provide car parking to employees.
The recent case Toowoomba Regional Council v FCT challenges the current ATO guidance causing uncertainty for employers who provide car parking to employees.
The Full Federal Court has decided in favour of the taxpayer in the Bendel case, with the consequence that an undrawn trust distribution is not a loan under Division 7A. We summarise the outcome and some likely implications of this outcome.