EIM22795 - Van benefit from 2005/06: restricted
private use condition
Section 155(4) ITEPA 2003
The cash equivalent (
EIM22790) depends on whether the
restricted private use condition is met.
The restricted private use condition is met in relation to a
van for a tax year if –
- the commuter use requirement (
EIM22800) is satisfied throughout the
year (or the part of the year on which the van is available to the
employee) or the extent to which it is not satisfied during that
period is insignificant (
EIM22745), and
- the business travel requirement (
EIM22805) is satisfied throughout the
year (or the part of the year on which the van is available to the
employee).
See
EIM22850 where there is a replacement
van.
Examples
There are basic examples at
EIM22870.
