Annual Luas or bus ticket - if completely free any BIK?

podgerodge

Registered User
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With annual taxsaver tickets, the employee effectively get's a half price ticket if on the top rate of tax. So, for example, with a Luas ticket costing €900 it might work out at €450.

My question is, if an employer provided you with a FREE Luas ticket, would there be BIK for the whole amount, the "free" €450 that you didn't have to pay, or none at all?

I've looked online at the issue but it isn't that clear.
 
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