Answer to Question #151783 in Other for sandeep

Question

Henry borrowed $360,000 on 3 April 2017 at an interest rate of 3% from his employer, XYZ Pty Limited. The loan was to be for 15 years. The loan lasted from 3 April 2017 to 31 March 2018 and was for private purposes.

.Required:Advise XYZ Pty Limited on the Fringe Benefit Tax implications (showing all necessary calculations) of the above.

Answer 1

Dear sandeep, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order