SE40303 - Case III of Schedule E: "received in the United Kingdom": benefits in kind
Sections 132(5) and 65(6) - (9) ICTA 1988
Certain types of emoluments are not capable of being 'received' in the normal sense. Examples of such emoluments are:
- the value of living accommodation, or
- for directors and employees with emoluments at a rate of £8,500 a year or more:
- the benefit of a loan
- the provision of a car available for private use
They can however be 'used or enjoyed' in the United Kingdom, and
can therefore be regarded as received in the United Kingdom (see
SE40302).
As regards the calculation of emoluments for the purpose of
the £8,500 test in the case of an employee assessable under
Case III of Schedule E, see SE21115.
