S.L. 123.55 Art. 31Value of free or discounted airline or sea transport tickets.

(1) Subject to the provisions of sub-rule (2) hereof, the value of the benefit referred to in rule 30 shall be the excess, if any, of the price at which the ticket or fare in question is normally sold to the public over the price paid by the beneficiary for that ticket or fare.

(2) When the ticket or fare is provided by a company that operates an airline or a shipping line or by an associated company, the value of the benefit referred to in rule 30 shall be the actual cost incurred by that company in providing that benefit or 20% of the price at which an economy fare ticket or fare for the same destination is normally sold to the public, whichever is the higher, reduced by the in-house benefit reduction.