Point in time view as at 22/07/2020.
Income Tax (Earnings and Pensions) Act 2003, Section 102 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)[F1This section applies if living accommodation to which this Chapter applies is provided in any period (“the taxable period”) — ]
(a)which consists of the whole or part of a tax year, and
(b)throughout which the employee holds the employment,
[F2(1A) the cash equivalent of the benefit of the accommodation is to be treated as earnings from the employment for that year.]
[F3(1B)If the benefit of the accommodation is provided pursuant to optional remuneration arrangements—
(a)subsection (1A) does not apply, and
(b)the relevant amount is to be treated as earnings from the employment for that tax year.]
F4(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)Section 103 indicates how the cash equivalent is calculated.
[F5(4)Section 103A indicates how the relevant amount is determined.]
Textual Amendments
F1Words in s. 102(1) substituted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 13(2)
F2Words in s. 102(1) renumbered as s. 102(1A) (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 13(3)
F3S. 102(1B) inserted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 13(4)
F4S. 102(2) omitted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by virtue of Finance Act 2017 (c. 10), Sch. 2 para. 13(5)
F5S. 102(4) inserted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 13(6)
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