Where an asset is transferred to an employee or director, several factors need to be taken into account in determining the cash equivalent value of the resultant benefit.

Asset transferred to employee/director before it has depreciated

Where the asset is transferred to an employee or a director (or for tax years up to and including 2015–16, an employee earning £8,500 or more or a director), the cash equivalent will depend on whether the asset has been used or depreciated at the time of transfer and whether it has previously been placed at the employee or director’s disposal.

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