147 Classic cars: 15 years of age or more
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

147  Classic cars: 15 years of age or more

(1)     This section applies in calculating the cash equivalent of the benefit of a car for a tax year if—

(a)     the age of the car at the end of the year is 15 years or more,

(b)     the market value of the car for the year is £15,000 or more, and

(c)     that market value exceeds the [interim sum calculated under] step 3 of section 121(1).

(2)

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