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.
EIM13110
explains what received means.
