EIM26300 - The benefits code: beneficial loans: examples
The links below are to examples of calculations of the cash equivalent of beneficialloans.
| ### Example | ### Situation/circumstances |
|---|---|
| EIM26311 | A steadily reducing cheap loan. |
| EIM26312 | A fluctuating cheap loan. |
| EIM26313 | Circumstances where the Inspector should elect for the alternative precise method of calculating the chargeable benefit. |
| EIM26314 | Cheap loans that require aggregation (or where an election for aggregation (see EIM26180) has been made). |
Note
The earlier examples cover the simpler types of case. The later ones cover more complexsituations. The heading at the top of each example indicates the points of principle itaims to cover, as shown in the table above.
All the examples show how to calculate the chargeable benefit using both: