EIM13250 - Termination payments and benefits: treatment of non-cash benefits within Section 401 ITEPA 2003

Section 401 ITEPA 2003

A termination settlement frequently includes items that are not payments of money. Where they are taxable only under Section 401 ITEPA 2003 (see EIM12810 and EIM13030), follow this guidance:

• where the benefit is received on or after 6 April 1998 see EIM13270
• where the benefit is received before 6 April 1998 see SE13255.

explains what received means.