There are special rules that apply where:

• the asset is transferred before it has depreciated or been used, or
• the asset transferred has depreciated or been used, or
• the asset transferred has previously been available for use by someone who was chargeable on the benefit (this does not apply to car benefit or living accommodation, for which there are different rules).

Where the special rules apply the chargeable amount is different to the general rule.

Level 3 Table of Contents