Section 122 The price of the car

United Kingdom

F1(1)

For the purposes of this Chapter the price of a car means—

This is subject to section 124A (automatic car for a disabled employee).

(a)

its list price, if it has one, or

(b)

its notional price, if it has no list price.

F2(2)

This is subject to section 124A (automatic car for a disabled employee).

Annotations

F1: S. 122 renumbered as s. 122(1) (with effect in accordance with s. 54(6) of the amending Act) by Finance Act 2009 (c. 10), s. 54(4)
F2: S. 122(2) inserted (with effect in accordance with s. 54(6) of the amending Act) by Finance Act 2009 (c. 10), s. 54(4)

C1: Pt. 3 Ch. 6 modified (6.4.2020 for the tax year 2020-21) by Finance Act 2020 (c. 14), s. 9
C2: Pt. 3 Ch. 6 modified (6.4.2021 for the tax year 2021-22) by Finance Act 2020 (c. 14), s. 10