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Section 254 ITEPA 2003

»Ê¹ÚÌåÓýapp exemption provided by Section 250 ITEPA 2003 (see EIM01210) does not extend to the cost of providing the employee with, or with the use of, any asset except:

• assets provided or available for use only in the course of training. For example a computer used during the training period, which is not used for personal purposes.
• assets provided or available for use in the course of training and in the performance of the employee’s duties, but not otherwise used. For example a computer used for work, and for training purposes, which is not otherwise used.
• assets consisting of training materials provided in the course of training. This means that audio/video tapes, course books or literature, other stationery, and compact and floppy discs used for training may be retained tax free by the employee.
• an asset which is something made by the employee in the course of training, or is incorporated into something which is so made.