# Finance Act 2017, Paragraph 16


(1) Section 105 (cash equivalent: cost of accommodation not over £75,000) is amended as follows.
(2) In subsection (1), after “equivalent” insert “ or modified cash equivalent ”.
(3) After subsection (2) insert—
“(2A) The modified cash equivalent is equal to the rental value of the accommodation for the taxable period.”

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Source: https://www.legislation.gov.uk/ukpga/2017/10/schedule/2/paragraph/16 (the official version)
Page: https://openlegislation.uk/finance-act-2017/schedule-2/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.