ABC Corporation’s CEO owns a condominium in Bahamas where top executives and their spouses stay, from time to time, for

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answerhappygod
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ABC Corporation’s CEO owns a condominium in Bahamas where top executives and their spouses stay, from time to time, for

Post by answerhappygod »

ABC Corporation’s CEO owns a condominium in Bahamas where top
executives and their spouses stay, from time to time, for personal
leisure only. The CEO pays all upkeep and other incidental expenses
of the condo. Do you think the benefit provided to the top
executives would be taxable or not? It is important to note that
the CEO does not use any of the corporate funds to maintain the
condominium. The purpose of the benefit is to reward the
employees.
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