Page 80 - P6 Slide Taxation - Lecture Day 3 - VAT Part 1

Income from Employment

Fringe Benefit

• Right of use of a motor vehicle

• If an employer hires a car and transfers the rights

and obligation of the lease to the employee =

taxable benefit.

• The rentals paid by the employee=consideration

paid by the employee for the right of use.

• If the car is granted for part of the month the value

is apportioned in days of the month in which the

benefit is granted.

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