# Finance Act 2017, Paragraph 17


(1) Section 106 (cash equivalent: cost of accommodation over £75,000) is amended as follows.
(2) In subsection (1), after “equivalent” insert “ or modified cash equivalent ”.
(3) After subsection (2) insert—
“(2A) To calculate the modified cash equivalent—
(a) apply steps 1 to 3 in subsection (2), as if the words “cash equivalent” in step 1 were “modified cash equivalent (for the purposes of section 105)”;
(b) calculate the modified cash equivalent by adding together the amounts calculated under steps 1 and 3 as applied by paragraph (a).”

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Source: https://www.legislation.gov.uk/ukpga/2017/10/schedule/2/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-2017/schedule-2/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.