Finance Act, 1973

Supplementary provisions relating to sections 25 to 29.

30.—(1) Subject to the next following subsection, the vehicles to which sections 25 to 29 apply are mechanically propelled road vehicles constructed or adapted for the carriage of passengers, other than vehicles of a type not commonly used as a private vehicle and unsuitable to be so used.

(2) Sections 25 to 27 and subsections (2) and (3) of section 28 and section 29 do not apply where a vehicle is provided, or, as the case may be, hired, wholly or mainly for the purpose of hire to, or the carriage of, members of the public in the ordinary course of trade.

(3) None of the provisions of sections 25 and 26 or of subsections (2) and (3) of section 28 and section 29 shall apply in relation to a vehicle provided by a person who is a manufacturer of such vehicles as are mentioned in subsection (1), or of parts or accessories for such vehicles, if he shows that it was provided solely for the purpose of testing the vehicle or parts or accessories for such vehicles:

Provided that if during the period of five years beginning with the time when the vehicle was provided he puts it, to any substantial extent, to a use which does not serve that purpose and that purpose only, this subsection shall be deemed not to have had effect in relation to the vehicle.

(4) (a) There shall be made all such additional assessments and adjustments of assessments (including assessments and adjustments of assessments to corporation profits tax) as may be necessary for the purpose of giving effect to subsections (2) and (3) of section 28, section 29 and subsection (3) and any such additional assessments or adjustments of assessments may be made at any time.

(b) in the case of the death of a person who, if he had not died, would under the provisions of subsections (2) and (3) of section 28, section 29 and subsection (3) have become chargeable to tax for any year, the tax which would have been so chargeable shall be assessed and charged upon his executors or administrators and shall be a debt due from and payable out of his estate.

(5) References in sections 25 to 27 to expenditure incurred on the provision or hiring of a vehicle do not include references to expenditure incurred before the 16th day of May, 1973, or to expenditure incurred under a contract entered into before that day where either—

(a) the expenditure is incurred within twelve months after that day, or

(b) the contract is one of hire-purchase or for purchase by instalments,

and subsections (2) and (3) of section 28 and section 29 shall not apply where the contract was entered into before that day.

(6) This section and sections 25 to 29 shall be construed as one with Part XIII and Chapters II and V of Part XVI of the Income Tax Act, 1967 , except that in section 26 “capital expenditure” shall be construed without regard to section 303 (1) of that Act.