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—

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

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

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