https://www.taxtmi.com/caselaws?id=168365 Company expenditure on a director-occupied house was analysed under the benefit-in-kind charging rules. Amounts spent on owners' rates, feu duty and insurance were not treated as the director's taxable perquisite where the rent was fully commercial and the company merely discharged its own ownership burdens rather than conferring an additional benefit on the director. Expenditure on renewals and repairs, including replacement boiler, fireplaces, water main and plumbing, was treated as falling within the exclusion for expenditure in the acquisition or production of an asset where it created or renewed a materially improved property that remained the company's asset. The commentary states that such items were therefore outside the charge as emoluments. en-us Wed, 20 Feb 1963 00:00:00 +0530 Tue, 24 Feb 2015 10:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168365 Company expenditure on a director-occupied house was analysed under the benefit-in-kind charging rules. Amounts spent on owners' rates, feu duty and insurance were not treated as the director's taxable perquisite where the rent was fully commercial and the company merely discharged its own ownership burdens rather than conferring an additional benefit on the director. Expenditure on renewals and repairs, including replacement boiler, fireplaces, water main and plumbing, was treated as falling within the exclusion for expenditure in the acquisition or production of an asset where it created or renewed a materially improved property that remained the company's asset. The commentary states that such items were therefore outside the charge as emoluments. Case-Laws Income Tax Wed, 20 Feb 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168365