Advise the company of the fringe benefits tax payable of the fit year ended 31 march 2017?

Julie duff accepts an offer and her salary include an interest free loan of $225000 on 1 april 2016. She used $25000 to purchase shares and the balance $200000 to pay off her debts. Her company is not entitled to claim the input tax credit for GST purposes.

 

Answer rating: 100% (QA)

To advise the company of the fringe benefits tax FBT payable for the year ended 31 March 2017 relate... View the full answer