Originally Posted by Islander2
Agreed there can be no benefit in kind if: a) the asset is not made available by the company for your personal use; and b) you don't actually use it in a personal capacity! The problem arises when some personal use is made ... whereupon the Revenue will assess the b-i-k not on the 'cost' of your actual usage but instead on the 'opportunity value' of its year-round 24/7 availability to you. Any monies paid by you to the Company for 'rental' of the asset can of course be netted-off their b-i-k calculation.
Not being funny here but isn't that what I said?
Cheers
Whirls