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Finance Act 1977

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This is the original version (as it was originally enacted).

Part IEmployees' Benefits

Taxes Management Act 1970 (c. 9)

1In section 15(7) of the Taxes Management Act 1970 (employers required to state whether employees have received benefits) for the words " or sections 61 to 68 of the Finance Act 1976 " there shall be substituted the words

sections 61 to 68 of the Finance Act 1976 or section 33 of the Finance Act 1977.

Income and Corporation Taxes Act 1970 (c. 10)

2Section 185 of the Taxes Act (accommodation occupied by holder of office or employment) is repealed.

3(1)Section 194 of that Act (expenditure and houses of ministers of religion) shall be amended as follows.

(2)For subsection (1) (occupation by clergymen treated as representative occupation) there shall be substituted the following subsection—

(1)This section applies where an interest in any premises belongs to a charity or any ecclesiastical corporation and (in right of that interest)—

(a)the persons from time to time holding any full-time office as clergyman or minister of any religious denomination, or

(b)any particular person holding such an office,

have or has a residence in those premises from which to perform the duties of the office..

(3)In subsection (2) (exemptions for expenditure connected with such occupation), for the words from the beginning to " then " there shall be substituted the words

In the case of such a clergyman or minister;

and at the beginning of paragraph (c) there shall be inserted the words

unless he is in director's or higher paid employment (as denned in Chapter II of Part III of the Finance Act 1976).

Finance Act 1973 (c. 51)

4In section 43 of the Finance Act 1973 (occupation of Chevening House), for the words " section 185 of the Taxes Act" there shall be substituted the words

section 33 of the Finance Act 1977.

Finance Act 1976 (c. 40)

5In section 61 of the Finance Act 1976, at the beginning of subsection (1) (provision charging benefits) there shall be inserted

Subject to section 63A

; and in subsection (2) (benefits subject to charge under the section), for the words "living or other accommodation " there shall be substituted

accommodation (other than living accommodation).

6In section 62 of that Act, for subsections (4) and (5) (exclusion of certain representative living accommodation from treatment as taxable benefit) there shall be substituted the following subsection:—

(4)Where living accommodation is provided by reason of a person's employment—

(a)alterations and additions to the premises concerned which are of a structural nature, and

(b)repairs to the premises of a kind which, if the premises were let under a lease to which section 32 of the Housing Act 1961 (repairing obligations) applies, would be the obligation of the lessor under the covenants implied by subsection (1) of that section,

are not benefits to which section 61 applies.

7In section 63 of that Act (cash equivalent of benefits charged under section 61), subsection (7) shall be omitted.

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