An employer provided an interest-free loan of $50,000 to an employee on 1 April 2019. The employee used this loan 50% for private purposes and the remaining 50% was used to purchase shares in companies that pay dividends. What is the taxable value of this loan fringe benefit?

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The Answer of An employer provided an interest-free loan of $50,000 to an employee on 1 April 2019. The employee used this loan 50% for private purposes and the remaining 50% was used to purchase shares in companies that pay dividends. What is the taxable value of this loan fringe benefit?

An Employer Provided an Interest-Free Loan of $50,000 to an Employee