Penny is provided with accommodation by her employer, which the employer purchased 35 years ago at a cost of 72,000. The property has an annual value of 2,600, and had a market value of 245,000 when first made available to Penny 8 years ago. Penny pays 250 per month to her employer to live in the property.

The accommodation does not qualify as job-related.

What is the assessable benefit for Penny in the tax year 2019/20?