Henry borrowed $450,000 on 1 April 2019 at an interest rate of 0% from his...
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Finance
Henry borrowed $450,000 on 1 April 2019 at an interest rate of 0% from his employer, XYZ Pty Limited. The loan was to be for 10 years. The loan lasted the whole FBT year and was for private purposes.
Advise XYZ Pty Limited on the Fringe Benefit Tax implications (showing all necessary calculations) of the above.
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