Part 3Employment income: earnings and benefits etc. treated as earnings
Chapter 5Taxable benefits: living accommodation
Benefit of living accommodation treated as earnings
102Benefit of living accommodation treated as earnings
(1)
If living accommodation to which this Chapter applies is provided in any period—
(a)
which consists of the whole or part of a tax year, and
(b)
throughout which the employee holds the employment,
the cash equivalent of the benefit of the accommodation is to be treated as earnings from the employment for that year.
(2)
In this Chapter that period is referred to as “the taxable period”.
(3)
Section 103 indicates how the cash equivalent is calculated.