Living Accomocation

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January 28, 2020 at 2:00 am #560017

adarsh1997
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Hello,

-Regarding living accommodation,if the employee contributes towards paying the rent( for example, gives the employer some cash), should we deduct this against the amount against the taxable benefit?

Thanks.

January 28, 2020 at 11:10 am #560046

Tax Tutor
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Yes!
The answer is in the study notes – and lectures.
See chapter 9, section 7.1, note (b) (ii) and illustrated in example 2
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