FRINGE BENEFITS TAX ASSESSMENT ACT 1986

PART III - FRINGE BENEFITS  

Division 4 - Loan fringe benefits  

Subdivision B - Taxable value of loan fringe benefits  

SECTION 18   18   TAXABLE VALUE OF LOAN FRINGE BENEFITS  
Subject to this Part, the taxable value, in relation to a year of tax, of a loan fringe benefit provided in respect of the year of tax is the amount (if any) by which the notional amount of interest in relation to the loan in respect of the year of tax exceeds the amount of interest that has accrued on the loan in respect of the year of tax.




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