This is the original version (as it was originally enacted).
(1)This section applies if, apart from this section, the same benefit would give rise to two amounts (“A” and “B”)—
(a)A being an amount of earnings as defined in Chapter 1 of this Part, and
(b)B being an amount to be treated as earnings under the benefits code.
(2)In such a case—
(a)A constitutes earnings as defined in Chapter 1 of this Part, and
(b)the amount (if any) by which B exceeds A is to be treated as earnings under the benefits code.
(3)This section does not apply in connection with living accommodation to which Chapter 5 of this Part applies.
(4)In that case section 109 applies to determine the relationship between that Chapter and Chapter 1 of this Part.
(5)This section does not apply if section 193 (notional loan where acquisition of shares made for less than market value) applies.
(6)In that case sections 194 (amount of notional loan) and 196 (effects on other income tax charges) apply to determine the relationship between Chapters 1 and 8 of this Part.
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