Related Commentary  

1292(1)  For the purposes of section 1290 qualifying benefits are provided if there is–

(a)a payment of money, or

(b)a transfer of assets,

which meets condition A, B, C or D.

1292(2)  Condition A is that the payment or transfer gives rise both to an employment income tax charge and to an NIC charge.

1292(3)  Condition B is that the payment or transfer would give rise to both charges if–

(a)the duties of the employment in respect of which the payment or transfer was made were performed in the United Kingdom, and

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