Jim is the managing director of a company and earns a basic salary in 2020-21 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 £345,000 in 2017. Jim makes no contribution towards the cost of the house or towards its running costs which cost the company £3,450 in 2020-21. 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. The car was registered in February 2020 and has an emission rating of 103g/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 0.5% per annum.

Calculate Jim's taxable benefits in 2020-21 (the official rate of interest is 2.25% p.a.).