EIM30001 - Benefits: scholarships provided for members of the family or household of a director or employee: general
Sections 211 to 215 ITEPA 2003
»Ê¹ÚÌåÓýapp holder of a scholarship is exempt from a charge to income tax on income from the scholarship (see EIM06205).
But a scholarship gives rise to a chargeable benefit where it is provided for a member of the family or household of a director or employee by reason of the employment of that director or employee. Fortuitous awards of scholarships are the only exception to this rule, see EIM30004.
»Ê¹ÚÌåÓýapp charge applies to all directors and employees except those in lower paid employment. »Ê¹ÚÌåÓýapp amount treated as earnings under Section 203 ITEPA 2003 is the expense incurred in providing the scholarship (see EIM21102).
Family or ‘household� has the meaning ascribed to it at EIM20504 and scholarship at EIM06230.