benefits employment income

Question 1

what is the benefit when living accommodation is rented by the employer?

Answer 1

higher of:
annual/rateable value,
rent paid by employer

Question 2

what is the benefit when living accommodation is owned by the employer?

Answer 2

the annual/rateable value plus:
(cost-£75,000) X official rate of interest at start of tax year

Question 3

when calculating car benefit, what do you have to take into account when using the manufacturer’s list price?

Answer 3

optional extras
deduct any capital contribution made by the employee (up to max £5,000)

Question 4

for private fuel benefit, is there a deduction for employee contributions towards the fuel?

Answer 4

no

Question 5

what is the benefit when for an asset lent for private use when the employer owns the asset and when the employer rents the asset?

Answer 5

Owns: benefit = 20% of market value when first provided for private use (annual value)
Rents: benefit is higher of annual value and rent paid by employer