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HMRC internal manual

Tax Credits Technical Manual

HM Revenue & Customs
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Income: employment income rules - Specific payments and benefits in kind excluded from employment income for tax credit purposes: Employment-related Asset Transfer

The Tax Credits (Definition and Calculation of Income) Regulations 2002, Reg. 4(4), Table 1 (item 14A)

Payment or reimbursement of expenses incurred in connection with an employment-related asset transfer (section 326 (2) of the ITEPA 2003) where no liability to income tax arises.

For example this can happen when an employee, who is being relocated, transfers his/her house to the employer (or someone acting on his behalf) and the employer pays the transaction costs.

(See EIM21662)