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Jo is provided with accommodation by her employer, which the employer purchased 35 years ago at a cost of £72000. the property has an annual value of £2600, and had a market value of £245000 when first made available to Jo 8 years ago.Jo pays £250 per month to her employer to live in the property
The accomodation does not qualify as job relatedwhat is the assessable benefit for Jo in the tax year 2015/16
why does it not include the additional benefit of expensive accomadation
he didnt use the market value of house and instead uses the costand his only benefit is zero £250*12-£2600
No additional expensive accommodation benefit as the property cost less than £75,000
but it is more than 6 years since it was first made available so it must use the market value and not cost of property?
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