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HMRC internal manual

Employment Income Manual

Living accommodation: meaning of annual value for properties outside the United Kingdom: description

Sections 105(3) and 110 ITEPA 2003For a description of the amount of benefit under Section 105 ITEPA 2003 on provided living accommodation see


For living accommodation situated outside the United Kingdom the annual value is broadly the amount for which the property could be let on the open market. For full details on this see EIM11441.

The annual value of property as determined for any rates or taxes in countries outside the United Kingdom is not for that reason on its own an acceptable measure for United Kingdom tax purposes. The annual value of living accommodation outside the United Kingdom should therefore be determined in accordance with the definition in Section 110 ITEPA 2003 (see EIM11432 and EIM11433).