Parking Expenses

Fringe Benefits & Payment Summaries
July 8, 2016
Self Education Expenses
July 8, 2016

Employees & Self-employed persons can claim car parking provided the expense was incurred in the course of producing assessable income.

Employees who use their car for work related purposes are allowed to claim the cost of travel and car parking. A deduction for car parking is denied when the car is parked for more than 4 hours between 7am and 7 pm at or near the employee’s principal place of employment. This rule does not apply to employees using a disabled car sticker. If the taxpayer is provided with a company car, parking can be claimed provided the above rules are satisfied.

It should be noted that employees who start their shirt after 7 pm and drive to work, cannot claim parking expenses simply because they are parked at or near the workplace outside the period mentioned above. They must still be using their car for work related purposes during their shift to be able to claim the cost of parking at or near their workplace. However, the 4 hour limit is not relevant for the time period.

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