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HMRC internal manual

Employment Income Manual

HM Revenue & Customs
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Employment income: transfer of real property by employees to the employer at more than market value


The guidance at EIM08001 onwards applies with any necessary modifications where an employee transfers an asset to his or her employer for more than its market value.

The amount chargeable under Section 62 ITEPA 2003 is:

  • the amount the employer pays the employee for the asset


  • its market value at the time of transfer.