S.L. 123.55 Art. 25Definition of "in- house benefit reduction".

In this Part D, unless the context otherwise requires "in-

house benefit reduction" with respect to the value of a benefit referred to in this Part means the lower of €700 and the value of that benefit before the said reduction:

Provided that the total in-house benefit reduction with respect to all benefits that qualify therefor provided by a person or persons to the same beneficiary during any year shall be the lower of €700 and the total value of the said benefits before the said reduction: Provided further that the in-house benefit reduction with respect to the value of a benefit provided to a person in a controlling position shall be €0.