Page 47 - F6 Slide - Taxation - Lecture Day 3 F

Income from Employment

Fringe

• Residential accommodation

• A taxable benefit is created when an employee is

given accommodation by the employer free of

charge or for a consideration that is less than the

rental value.

• Cash equivalent=Rental value – rental consideration.

• The rental value depend on whether the property is

owned or leased by the taxpayer or associated

institution.

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