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Robert borrowed $10,000 from his employer on 4 September 2019 as his home was damaged in a freak storm. The loan was provided at no

Robert borrowed $10,000 from his employer on 4 September 2019 as his home was damaged in a freak storm. The loan was provided at no interest. On 15 January 2019, his employer informed Robert that he was only required to repay half the loan as he is a valued employee. Advise Robert and his employer of the tax consequences of this transaction

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