|Asset||Personal /Collectible||Cost base||Sale Price||Capital Gain/(Loss)||Capital Gain/(Loss) of Category|
|Home sound System||Personal Asset||12,000||11,000||-1,000||-1000|
|Shares in Listed Co.||Other Asset||5,000||20,000||15,000||15,000|
|A.||Value of Fringe benefit without having regard to otherwise deductible rule [$1,000,000 x 5.65%] – [$1,000,000 x 1.00%] $56,500 – $10,000 = $46,500||$46,500|
|B||Value of Fringe benefit considering that loan is given at free of interest [$1,000,000 x 5.65%] = $56,500||$56,500|
|C||Hypothetical interest value that employee will use as deduction [Portion used for the income producing purpose] [$1,000,000 x 5.65%] x 40% = $56,500 X40%||$22,600|
|D||Actual interest value that employee will use as deduction [Portion used for the income producing purpose) [$1,000,000 x 1.00%] x 40% = $10,000 X40% = $4,000||$4,000|
|E||Value that can be reduced from Value of fringe benefit [C-D] $22,600 - $4,000 = $18,600||$18,600|
|F||Final Taxable value of fringe benefit [A - E] $46,500 – $18,600||$27,900|
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