[147A Classic cars: optional remuneration arrangements]
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

[147A  Classic cars: optional remuneration arrangements]

[(1)     This section applies in calculating the relevant amount in respect of a car for a tax year for the purposes of section 120A (benefit of car treated as earnings: optional remuneration arrangements) 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

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