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HMRC internal manual

Employment Income Manual

Particular benefits: assets hired or rented by employer

Section 205 ITEPA 2003

There are special rules for calculating the chargeable benefit where an asset other than a motor car or living accommodation is hired or rented. The instructions are at EIM21630 to EIM21632.

Note that the rent or hire charge is only used in the calculation under EIM21630 if it is greater than the “annual value of the use of the asset” (see EIM21632).

As regards: