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Calculate the fbt payable

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Question: 1 April 2017 Yan's employer gave him a $100,000 loan at a low rate of interest (2.25%). He used $70,000 to buy his home which is his main residence, and $30,000 to buy a rental that he receives rent from

Advise Yan's employer as to the FBT and income tax consequences of the above loan arrangement (including any deductions the employer might be entitled to) and calculate the FBT payable. Assume the employer is not liable to GST.

1 April 2017 Yan's employer gave him a $100,000 loan at a low rate of interest (2.25%). He used $70,000 to buy his home which is his main residence, and $30,000 to buy a rental that he receives rent from

Advise Yan's employer as to the FBT and income tax consequences of the above loan arrangement (including any deductions the employer might be entitled to) and calculate the FBT payable. Assume the employer is not liable to GST.

Reference no: EM132211365

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