Fringe Benefits Tax Assessment Act 1986
PART III
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FRINGE BENEFITS
Division 4
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Loan fringe benefits
Subdivision B
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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.
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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