SE13310 - Termination payments and benefits: non-cash benefits other than living accommodation received after 6 April 1998: “cash equivalent”: rules appropriate to particular benefits
Paragraph 12(2)(b) Schedule 11 and Section 596B(1)(a) ICTA 1988
SE13280 explained that it is necessary to identify where the type of benefit being provided is dealt with in Chapter II Part V ICTA 1988.
| Benefit | “Cash equivalent” instruction | Notes |
| use of a car | SE23001 |
|
| car fuel | SE23750 |
|
| use of a van | SE22051 |
|
| medical benefits | SE21760 |
|
| beneficial loan facilities | SE26101 | The cash equivalent of the beneficial loan is also treated as interest paid and so may be available for relief: see SE13320 |
| mobile telephone | SE21780 |
|
| shares | Employers Share Schemes Manual |
|
| other benefits | SE21101 | In particular assets placed at the taxpayer's disposal (except cars, mobile telephones and vans, which are dealt with above): SE21615. |
When the value is established, it is assessed for the year of
receipt (see
SE13100).
