Mortgage payments

By Tolley in association with Philip Rutherford
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The following Employment Tax guidance note by Tolley in association with Philip Rutherford provides comprehensive and up to date tax information covering:

  • Mortgage payments
  • Introduction
  • Employer-provided benefit
  • Reporting requirements
  • Payment as part of relocation
Introduction

An employer may choose to pay an employee’s mortgage liability. This is generally done for one of two reasons, either:

  • •to provide a benefit to the employee
  • •as part of a relocation package
Employer-provided benefit

More on Financial:
Director's loan account
Retirement and death benefits
Bonuses from company owned by employee-ownership trust
Payment for loss of earnings
Income tax paid on behalf of employee
Compensation for injuries at work
Vouchers
Bank charges
Employee liabilities and indemnity insurance
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