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Question 30 10 posts Sunshine Pty Ltd made a loan of $100,000 to an employee on 1 July 2019 at an interest rate of 2.0%.

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Question 30 10 posts Sunshine Pty Ltd made a loan of $100,000 to an employee on 1 July 2019 at an interest rate of 2.0%. The loan was used by the employee to purchase his first home. On 1 February 2020, the employee made a principal repayment of $20,000 on the loan In addition he was provided with 10 gift vouchers worth $50 each for use at the local supermarket as a Christmas gift. A. Advise Lou's employer as to the FBT consequences (including calculation of any Fer liabilky) arising out of the above information. B. Would your advice change if the vouchers were used to purchase gifts for clients and new owners who finalized sales in December? Question 30 10 Sunshine Pty Ltd made a loan of 100,000 to an employee on 2011 testate of 2.0. The loan was used by the employee to purchase his first home. On 1 February 2000, the employee made a principal repayment of $20,000 on the loan In addition he was provided with 10 gift vouchers worth $50 each for use at the local supermarket as a Christmas gift A. Advise Lou's employer as to the FBT consequences (including calculation of any FBT ability arising out of the above information. B. Would your advice change if the vouchers were used to purchase gifts for clients and new owners who finalized sales in December

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