Section 742B | Value of certain benefits

Sections 742C to 742E apply where it is necessary, for the purpose of calculating a charge to income tax under the preceding provisions of this Chapter, to determine the value of a benefit provided to a person by way of—^F1

(a)a payment by way of loan (see section 742C),^F1

(b)making available movable property without any transfer of the property in it (see section 742D), or^F1

(c)making available land for use without transferring the whole interest in it (see section 742E).^F1