Assistance Granted to an Employee Who Relocates

Any amount you pay to an employee (including the value of any assistance you provide to the employee) for the acquisition, use or right of use of a residence is taxable.

For example, you may pay an employee an amount (or provide an employee assistance) so that he or she can pay or reimburse:

  • mortgage interest;
  • property taxes;
  • insurance;
  • costs incurred to keep the former residence in good condition after the move;
  • higher mortgage interest or bridge financing required with respect to the new residence.

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