½Û×ÓÊÓƵ

Where the cost of provision (see E4.610) of living accommodation does not exceed £75,000, the cash equivalent is the difference between¹:

1. Ìý

   •ÌýÌýÌýÌý the 'rental value of the accommodation' (see below) for the taxable period, and

2. Ìý

   •ÌýÌýÌýÌý any sum made good by the employee to the person at whose cost the accommodation is provided that is properly attributable to its provision: for liabilities incurred in 2017/18 and subsequent years amounts must be made good by 6 July in the following tax year

Where an employee is provided with more than one property, the £75,000 limit applies to each property separately (see E4.610).

The rental value of the accommodation for the taxable period is the rent which would have been payable for that period if the property had been let to the employee at an annual rent equal to the annual value (see below)². However, this does not apply if the person at whose cost the accommodation is provided pays rent for the whole or part of the