Section 49 | Car ... hire: supplementary

(1)In section 48 “car ...” means a mechanically propelled road vehicle other than ...—

(za)a motor cycle (within the meaning of section 185(1) of the Road Traffic Act 1988),

(a)a vehicle of a construction primarily suited for the conveyance of goods or burden of any description, or

(b)a vehicle of a type not commonly used as a private vehicle and unsuitable for such use.

(1A)In section 48—

“a car that has low CO2 emissions” has the same meaning as in section 104AA of CAA 2001 (special rate expenditure: main rate car);

“electrically propelled” has the meaning given in section 268B of that Act.

(2)In section 48 “a qualifying hire car ...” means a car ... which—

(a)is hired under a hire-purchase agreement ... under which there is no option to purchase,

(b)is hired under a hire-purchase agreement under which there is an option to purchase exercisable on the payment of a sum equal to not more than 1% of the retail price of the car ... when new, or

(c)Repealed

(d)is leased under a long-funding lease (within the meaning of section 70G of CAA 2001).

(3)For this purpose “hire-purchase agreement” has the meaning given by section 998A of ITA 2007.

(6)In this section ... “new” means unused and not second-hand.