Explanatory Notes

Income Tax (Earnings and Pensions) Act 2003

2003 CHAPTER 1

6th March 2003

Commentary on Sections

Example 3

£150(Pe) – £50(E) = £100
Chapter 5: Taxable benefits: living accommodation
Overview
Section 113: Meaning of “the property”

413.This section simply confirms that “the property” means the living accommodation in question. It derives from section 146(11) of ICTA.