[132A Capital contributions by employee: optional remuneration arrangements]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[132A  Capital contributions by employee: optional remuneration arrangements]

[(1)     This section applies for the purposes of section 121A(1) if the employee contributes a capital sum to expenditure on the provision of—

(a)     the car, or

(b)     any qualifying accessory which is taken into account in calculating under section 121B the modified cash equivalent of the benefit of the car.

(2)     A deduction is to be made from the amount carried forward from step 1 of section 121A(1)—

(a)     for the tax year in which the contribution

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