SE21230 - Valuation of benefits: special rules for certain benefits
The general rule in SE21102 for valuing benefits does not apply to certain items. The legislation therefore contains special rules for them. The benefits for which there are special rules and the relevant legislation and instructions are shown in the following table.
| Benefit to which special
Rules apply | Relevant legislation | Relevant instructions |
| Asset placed at the disposal of director or employee within Part V Chapter II (except a motor car) | Section 156(5) and (6) ICTA 1988 | SE21615 onwards |
| Asset transferred to a director or employee within Part V Chapter II | Sections 19(1)1 ICTA 1988 and Section 156(3) and (4) ICTA 1988 | SE21640 onwards |
| Facilities such as heating, lighting, cleaning, repairs etc connected with job-related living accommodation | Section 163 ICTA 1988 | SE21720 onwards |
| Income Tax not deducted from directors' emoluments | Section 164 ICTA 1988 | SE21791 onwards |
| Loans provided interest- free or at an interest rate less than the official rate | Section 160 and Schedule 7 ICTA 1988 | SE26101 onwards |
| Loans waived
or written off
| Section 160(2) and (3) ICTA 1988 | SE21740 onwards |
| Motors cars available for private use | Sections 157-159 and Schedule 6 ICTA 1988 | SE23001 onwards |
| Motor car fuel provided for private motoring in a provided car | Section 158 ICTA 1988 | SE23530 onwards |
| Scholarships awarded to members of the family of a director or an employee within Part V Chapter II | Section 165 ICTA 1988 | SE30000 onwards |
| Shares acquired at an undervalue by reason of the employment | Section 162 ICTA 1988 | Share Scheme Manual |
| Vans available for private use | Section 159AA ICTA 1988 | SE22051 onwards |
