Kim lives in a house provided by her employer. The house cost her employer £246,500 in 2021 and a further £28,500 was spent on improvements in 2022. The house has a gross rate able value of £4,200 and it has been agreed with HMRC that there is 12% business use. Kim pays rent of £400 per month to her employer for her private use of the house. Compute the taxable benefit in 2023-24 (the official rate of interest is 2.25% p.a.).