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Market value of the asset when first provided
as a benefit L1 |
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Applicable percentage based on Cut off date
[ 06/04/1980 ] L2 |
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Annual Value of use of asset L3 |
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Proportionate Annual Value of use of asset
for actual number of benefit days L4 |
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Rent / Hire charges paid for the asset L5 |
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Greater of L4 and L5 = L6 |
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Any other expenditure met by employer or person
making the asset available L7 |
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Amount made good L8 |
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Exemption Dependent on Asset L9 |
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Total Cash Equivalent ( L6 + L7 minus L9 )
minus L8 = L |
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