# Corporation Tax Act 2009, Section 57: Car ... hire: supplementary

Extent: E+W+S+N.I.

(1) In section 56 “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 56—
“ 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 56 “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) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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 1129 of CTA 2010.
(6) In this section ... “new” means unused and not second-hand.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/57 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-57
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.