Section 94E | Excluded vehicles ^F1

(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).^F2F3F4

(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).^F5