Is there a taxable benefit?

Answer

Reduce the value of the benefit based on the number of days a vehicle was used for business purposes versus the total number of days the employee had the use of a parking spot.

You have told us:

• The employee is eligible for a proration of a parking benefit because he or she uses a vehicle for business purposes but not frequently enough to constitute "regularly".

Return to Parking

Date modified:

2015-12-10