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
Professional fees and subscriptions
Golden handshakes
Pension contributions and pension advice
Personal bills
Loans written off
Honoraria
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