Item C is the number of loans you made that gave rise to taxable fringe benefits and the taxable value of those benefits.
As a result, 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 7.4% = $1,480
The employer shows this at item 23 as follows: