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Holiday homes


Produced by Tolley in association with
Employment Tax
Guidance

Holiday homes


Produced by Tolley in association with
Employment Tax
Guidance
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Introduction

This guidance note covers both UK holiday homes and those abroad. The benefit of accommodation generally and the calculation of the taxable value are outlined in the Living accommodation guidance note.

For the provision of holidays please refer to the Holidays ― provided or paid for guidance note.

Meaning of provided in relation to holiday homes

Unlike with day-to-day accommodation, the meaning of ‘provided’ in ITEPA 2003, s 102 requires little consideration because it is clear for how long the accommodation is provided to the employee; the term requires more consideration in relation to holiday homes. HMRC is likely to pay particular interest to small or family-owned businesses which are acquiring properties for the use of a very small number of individuals. There are two key questions:

  1. •

    who can use the accommodation?

  2. •

    why does the employer own or rent the accommodation?

The

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Philip Rutherford
Philip Rutherford

Senior Tax Director at Molson Coors Brewing Company

Phil is the Senior Tax Director for Molson Coors' European operations. He has responsibility for both direct and indirect taxes across both EU and non-EU states. Prior to this, Phil was responsible for Molson Coors UK tax affairs covering all major taxes and duties.   Phil trained at KPMG LLP, where he worked for 8 years, specialising in tax investigations across both direct and indirect tax.

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  • 14 Sep 2022 09:48

Home/ Tolley Tax Guidance/ Employment Tax / Providing benefits to employees

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