Where an employer provides an employee with rent-free accommodation, the benefit assessable on the employee is:

Question

Accepted Answer

The annual rateable value of the accommodation. PITA assesses accommodation benefits on the annual rateable value of the premises as determined for local rating purposes. Benefits in kind are chargeable; the question is the basis of valuation, not whether they are taxed.

Answer

A) The rent actually paid by the employer

Answer

B) The annual rateable value of the accommodation

Answer

C) Half of the employee's basic salary

Answer

D) Nil, as it is a benefit in kind

Where an employer provides an employee with rent-free accommodation, the benefit assessable on the employee is:

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