Commentary

E1.1130 Transfer of assets abroad—valuation of benefits

Personal and employment tax

E1.1130 Transfer of assets abroad—valuation of benefits

Transfer of assets abroad—miscellaneous

E1.1130 Transfer of assets abroad—valuation of benefits

Specific valuation rules have effect in relation to certain benefits received in 2017/18 onwards wherever it is necessary, for the purposes of calculating an income tax charge under the transfer of assets abroad rules, to determine the value of the benefit (see E1.1117 and enjoyment condition (C) in E1.1106). The legislation was previously silent as to how the provision of a benefit should be valued for these purposes. The benefits covered by these rules are loans; the making available (without any transfer of the property in it) of movable property; and the making available (without

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