*7.9 Jim is the managing director of a company and earns a basic salary in 2009-10 of

£100,000. 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 £250,000. Jim makes no contribution towards the cost of the house or towards its running costs which cost the company £2,300 in 2009-10. The company has also furnished the house at a cost of £8,500. 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 188g/km. The company pays all running costs.

(c) He is provided with a company loan of £50,000 on which he pays interest at 2%

per annum.

Calculate Jim's assessable benefits in 2009-10 (assuming an official rate of interest of 4.75% per annum).