Expenses and benefits given to an employee are automatically deemed to be provided by reason of his or her employment. The measure of a taxable benefit is its cash equivalent value. Unless the value is determined by a specific statutory provision (see ¶9205) for those benefits where specific charging provisions exist, the cash equivalent value is determined in accordance with the general charging provisions; the cash equivalent value being the cost to the employer of providing the benefit, less any amount made good by the employee (see further ¶9225).

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