ERSM71030 - Securities acquired for less than market value: old regime: annual charge
Aggregation with other beneficial loans
The notional loan is aggregated with other real beneficial loans for these purposes.
Threshold for annual charge
Where the total of such loans does not exceed ÂŁ5,000 there is a de minimis exemption under ITEPA03/S180.
Deemed annual benefit of loan treated as earnings
The employee is deemed to be in receipt of income equal to the 바카라 사이트śofficial rate of interest바카라 사이트ť (see EIM26104) on the loan as prescribed by HMRC under Treasury regulation.
See EIM26101 et seq. for full details as to computation of annual benefit.
See example at ERSM71040.