This guide explains the Benefit-In-Kind (BIK) for Additional Info for prescribed value method.
For household furnishings, apparatus, and appliances, the prescribed value in respect of these benefits is given in Appendix 2 - (b) Prescribed Value of Household Furnishing, Apparatus and Appliances
For other benefits, the prescribed value is listed in Appendix 2 - (c) Prescribed Value of Other Benefits
For those other benefits not listed, it should be valued based on the below formula:
Annual Value of the Benefit = Cost of Asset Provided as Benefit / Prescribed Average Life Span of The Asset
END OF GUIDE