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Hello, in Employment income Taxable benefits of P11D employees. Related to job related living accommodation the course notes state “When the accommodation is job related, The taxable limit is 10% of other employment income” can you clarify what other employment income and taxable limit related to what?
If a P11D employee is occupying job related accommodation then the assessable benefit in relation to both the provision of services to the property and the use of furniture is limited to a maximum figure of 10% of the employee’s “net earnings” excluding the assessment for the services and the use of furniture. “Net earnings” or “other employment income” is what the employment income assessment would be excluding any amount for cost of services and use of furniture.
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