{
  "url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-103",
  "json_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/section-103.json",
  "legislation": "ukpga/2003/1",
  "legislation_title": "Income Tax (Earnings and Pensions) Act 2003",
  "legislation_url": "https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003",
  "path": "section/103",
  "kind": "section",
  "number": "103",
  "heading": "Method of calculating cash equivalent",
  "text": "(1) The cash equivalent is calculated—\n(a) under section 105 if the cost of providing the living accommodation does not exceed £75,000; and\n(b) under section 106 if the cost of providing the living accommodation exceeds £75,000.\n(2) Section 104 (general rule) sets out how to calculate the cost of providing living accommodation for the purpose of determining whether or not it exceeds £75,000.\n(3) In this Chapter—\n“annual value”,\n“person involved in providing accommodation”, and\n“the property”,\nhave the meaning given by sections 110 to 113, and “the taxable period” has the meaning given by section 102(1) .",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in s. 103(3) substituted (with effect in accordance with Sch. 2 para. 62 of the amending Act) by Finance Act 2017 (c. 10), Sch. 2 para. 14"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2003/1/section/103",
    "retrieved_at": "2026-10-29T09:18:42.395488+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}