Jim is the managing director of a company and earns a basic salary in 2017 -18 of

£225,000. He receives benefits from the company during the year as follows:

(a) He is provided with the use of a company house which has an annual value of

£9,750 and which cost his employer £3 50,000. Jim makes no contribution towards the cost of the house or towards its running costs which cost the company £ 3,450 in 2017-18. The company has also furnished the house at a cost of £ 28,500. Jim's occupation of the house is not job-related.

(b) He is provided with a petrol-engined company car which had a list price when new of £45,000 and which has an emission rating of 133g/km. The company pays all running costs.

(c) He is provided with a company loan of £50,000 on which he is charged interest at 0.75% per annum.

Calculate Jim's taxable benefits in 2017 -18 (assume an official rate of interest of 2.5 %

per annum).