This section is the catch all for employers assets being used privately by employees which haven’t been previously returned elsewhere on the P11D. Examples of items that should be shown in this section include:-

  1. Motorcycles
  2. Boats/yachts
  3. Private aeroplanes

The benefit is calculated by the following formula: –

Annual Value

20% of the market value of the asset at the time the employee first uses it
OrPlusAdditional costs incurred as a result of private use
The annual rental or hire charge if greater

Where there is insignificant private use of a company asset there is no charge. Equipment supplied to disabled employees to enable them to perform their duties of employment is exempt even where there is significant private use.