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C – Loans granted

Last updated 15 May 2014

Item C is the number of loans you made that gave rise to taxable fringe benefits and the taxable value of those benefits.

Therefore, do not show the amount of the actual loans in the 'Gross taxable value (a)' column.

Start of example

Example: Calculate loan fringe benefits granted

An employer lends an employee $20,000. The employer does not charge interest and the employee makes no repayments during the FBT year.

Using the benchmark interest rate, the calculation is as follows:

$20,000 x 6.45% = $1,290

The employer shows this at item 23 as follows:


End of example