(1) Subject to subsection (1A), this section applies to emoluments in the form of -
(a) perquisites and profits whatever which are chargeable to tax under section 112 including
(i) an expense incurred by a body corporate in the provision of a benefit for an employee which is treated as a perquisite for the purposes of section 112 by virtue of section 118,
(ii) the benefit arising from a preferential loan which is treated as a perquisite for the purposes of section 112 by virtue of section 122, and
(iii) a perquisite to which section 112A or 112AA applies,
(b) the benefit of the private use of a car which is chargeable to tax by virtue of section 121,
(c) the benefit of the private use of a van which is chargeable to tax by virtue of section 121A, and
(d) a gain realised by the exercise of, or by the assignment or release of, a right on or after 1 January 2024 which is chargeable to tax by virtue of section 128.
(1A) Subject to subsection (1B), subsection (1) shall not apply to emolumen
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