109Priority of this Chapter over Chapter 1 of this PartU.K.
This section has no associated Explanatory Notes
(1)This section applies if—
(a)under this Chapter the cash equivalent of the benefit of living accommodation is to be treated as earnings from an employee’s employment for a tax year, and
(b)under Chapter 1 of this Part an amount would, apart from this section, constitute earnings from the employment for the year in respect of the provision of the accommodation.
(2)The full amount of the cash equivalent is to be treated as earnings from the employment for that year under this Chapter.
(3)The amount mentioned in subsection (1)(b) is to constitute earnings from the employment for the year under Chapter 1 of this Part only to the extent that it exceeds the amount mentioned in subsection (2).