[50A Short-term hiring in and long-term hiring out]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[50A  Short-term hiring in and long-term hiring out]

[(1)     Section 48 does not apply to expenses incurred by a person (“the taxpayer”) on the hiring of a car if condition A or B is met.

(2)     Condition A is that—

(a)     the expenses are incurred in respect of the making available of the car to the taxpayer for a period (“the hire period”) of not more than 45 consecutive days, and

(b)     if the car is made available to the taxpayer (whether by the same person or different persons) for one or more periods linked to the hire period, the hire period and the linked period or periods, taken together, consist of not more than 45 days.

(3)     Condition

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