On 1 June 2017 , Stephen was provided by his employer with an interest -free loan of

Question:

£20,000. He repaid £5,000 of this loan on 1 January 2018 and repaid another £3,000 on 1 March 2018. Compute the taxable benefit in 2017-18 using:

(a) the normal method

(b) the alternative method.

Assume that the official rate of interest is 2.5 % per annum. Perform all calculations to the nearest month and to the nearest pound.

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Taxation Finance Act 2017

ISBN: 9781292200804

23rd Edition

Authors: Alan Melville

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Question Posted: Feb 06, 2024 05:00 AM

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On 1 June 2017 , Stephen was provided by his employer with an interest -free loan of

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Taxation Finance Act 2017

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