Taxes Consolidation Act 1997 section 118A

Costs and expenses in respect of personal security assets and services

Section 118A exempts from benefit-in-kind (BIK) charges certain expenses incurred by an employer in providing security assets or services to a director or employee where there is a credible and serious threat to their physical safety arising from their employment.

• Where a credible and serious threat to a director's or employee's physical safety arises wholly or mainly from their employment, security expenses paid by the employer are exempt from BIK under section 118(1).
• Qualifying assets include equipment and structures such as alarms, cameras, and security gates, but exclude any mode of transport, dwellings, or grounds appurtenant to a dwelling; where an asset is only partly intended for security, the exemption applies only to the security-related portion of the expense.
• Incidental personal use of a security asset is disregarded, and for security services the exemption applies only where the benefit to the director or employee consists wholly or mainly of an improvement in their physical security.
• The exemption is not lost merely because the asset becomes fixed to land, the director or employee gains ownership of the asset, or the asset or service also improves the physical security of the director's or employee's family or household.