Part 4Employment income: exemptions

Chapter 5Exemptions: recreational benefits

Recreational facilities

263Power to alter benefits to which section 261 applies

The Treasury may by regulations provide that section 261—

a

does not apply to a benefit specified in the regulations,

b

applies to a benefit so specified only where such conditions as the regulations specify are met in relation to the terms on which, and the persons to whom, it is provided, or

c

applies in such cases as are so specified to—

i

facilities that do not meet the conditions in section 261(3) to (5), or

ii

a benefit within section 262.