Section 94E | Excluded vehicles

(1)A car, motor cycle or goods vehicle that is used for the purposes of a trade is an “excluded vehicle” for the purposes of section 94D if condition A or B is met in relation to the vehicle.

(2)Condition A is that the person who is or has been carrying on the trade has at any time claimed any capital allowances under Part 2 of CAA 2001 in respect of any expenditure incurred on the provision of the vehicle.

(3)Condition B is that—

(a)the vehicle is a goods vehicle or a motor cycle, and

(b)any of the expenditure incurred on acquiring the vehicle has been deducted in calculating the profits of any relevant trade or business for a period on the cash basis (see sections 24A and 271D).

(4)In this section “any relevant trade or business” means any trade or property business carried on by the person carrying on the trade mentioned in subsection (1).