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
F5This 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,
F11A
the cash equivalent of the benefit of the accommodation is to be treated as earnings from the employment for that year.
F31B
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.
F42
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3
Section 103 indicates how the cash equivalent is calculated.
F24
Section 103A indicates how the relevant amount is determined.