Section 49 | Car ... hire: supplementary

(1)In section 48 “car ...” means a mechanically propelled road vehicle other than ...—^F1F2

(za)a motor cycle (within the meaning of section 185(1) of the Road Traffic Act 1988),^F3

(a)a vehicle of a construction primarily suited for the conveyance of goods or burden of any description, or^F4

(b)a vehicle of a type not commonly used as a private vehicle and unsuitable for such use.^F5

(1A)In section 48—^F6

“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—^F7

(a)is hired under a hire-purchase agreement ... under which there is no option to purchase,^F8

(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^F7

(c)Repealed^F9

(d)is leased under a long-funding lease (within the meaning of section 70G of CAA 2001).^F10

(3)For this purpose “hire-purchase agreement” has the meaning given by section 998A of ITA 2007.^F11

(6)In this section ... “new” means unused and not second-hand.^F12