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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Determination of the cost of the benefit

  • Section 204 Cost of the benefit: basic rule
  • Section 205 Cost of the benefit: asset made available without transfer
  • Section 205A Deduction for periods when asset unavailable for private use
  • Section 205B Reduction of cost of taxable benefit where asset is shared
  • Section 206 Cost of the benefit: transfer of used or depreciated asset
  1. Determination of the cost of the benefit
  2. Cost of the benefit: basic rule

Section 204 | Cost of the benefit: basic rule

From legislation.gov.uk

The cost of an employment-related benefit is the expense incurred in or in connection with provision of the benefit (including a proper proportion of any expense relating partly to provision of the benefit and partly to other matters).

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