SE23173 - Car benefits: classic cars- capital contributions

Section 168F(5)-(8) ICTA 1988

The appropriate amount of any capital contribution is calculated in the same way as for other cars ( SE23160 onwards), with the same limit of the lesser of

• £5,000, or
• the total amount of the capital sums which the employee has contributed towards the cost of the car or qualifying accessories which were taken into account in arriving at the market value of the car.