Termination payments and benefits: non-cash benefits other than living accommodation received after 6 April 1998: cash equivalent: rules appropriate to particular benefits
Section 415(2)(b) ITEPA 2003
EIM13280 explained that it is necessary to identify where the type of benefit being provided is dealt with in the benefits code.
|### Benefit||### Cash equivalent instruction||### Notes|
|Use of a car.||EIM23015|
|Use of a van||EIM22700|
|Beneficial loan facilities||EIM26101||The cash equivalent of the beneficial loan is also treated as interest paid and so may be available for relief, see EIM13320.|
|Other benefits||EIM21101||In particular assets placed at the taxpayer’s disposal (except cars, mobile telephones and vans, which are dealt with above), see EIM21615.|
When the value is established, it is income of the year of receipt (see EIM13100).