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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Cars: the price of a car

  • Section 122 The price of the car
  • Section 123 The list price of a car
  • Section 124 The notional price of a car with no list price
  • Section 124A Automatic car for a disabled employee
  1. Cars: the price of a car
  2. The price of the car

Section 122 | The price of the car

From legislation.gov.uk

(1)For the purposes of this Chapter the price of a car means—This is subject to section 124A (automatic car for a disabled employee).F1

(a)its list price, if it has one, orF1

(b)its notional price, if it has no list price.F1

(2)This is subject to section 124A (automatic car for a disabled employee).F2

Notes

  1. F1

    S. 122 renumbered as s. 122(1) (with effect in accordance with s. 54(6) of the amending Act) by Finance Act 2009 (c. 10), s. 54(4)

  2. F2

    S. 122(2) inserted (with effect in accordance with s. 54(6) of the amending Act) by Finance Act 2009 (c. 10), s. 54(4)

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