Paragraph 23
(1)
In relation to a capital sum contributed by the employee before 6th April 2003, section 147 (classic cars: 15 years of age or more) applies with the following modifications.
(2)
In subsection (5)(b) substitute “under section 168F(3) of ICTA in determining the price of the car as regards a year” for “in determining the market value of the car”.
(3)
In subsection (6)—
(a)
omit paragraph (a), and
(b)
in paragraph (b) substitute “ the tax years after the tax year in which the contribution was made which are ” for “subsequent”.