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  3. henry borrowed 360000 on 3 april 2017 at an interest...

Question: henry borrowed 360000 on 3 april 2017 at an interest...

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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.

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