Is there a taxable benefit?

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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 the employee uses a vehicle for business purposes but not frequently enough to constitute "regularly".

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Date modified:
2016-12-08