Particular benefits: assets transferred to a director or employee: assets transferred before they have been used or depreciated
Sections 203(2) ITEPA 2003
If a person transfers an asset to a director or employee or a member of his family or household by reason of his employment before the asset has depreciated or been used the amount chargeable is:
the greater of
This rule also applies to the transfer of any unused trading stock of the employer.
The examples at EIM21647 and EIM21648 illustrate how the rules work.