157.-Cars available for private use.

(1) Where in any year in the case of a person employed in [employment to which this Chapter applies¹⁰⁵], a car is made available (without any transfer of the property in it) either to himself or to others being members of his family or household, and-

(a) it is so made available by reason of his employment and it is in that year available for his or their private use; and
(b) the benefit of the car is not (apart from this section) chargeable to tax as the employee's income,

there is to be treated as emoluments of the employment, and accordingly chargeable to income tax under Schedule E, an amount equal to whatever is the cash equivalent of that benefit in that year.
[(2) The cash equivalent of the benefit in the year concerned shall be ascertained in accordance with Schedule 6¹⁰⁶.]
(3)
Where in any year the benefit of a car is chargeable to tax under this section as the employee's income he shall not be taxable-

(a) under Schedule E in respect of the discharge of any liability of his in connection with the car;
(b) under section 141 or 142 in respect of any non-cash voucher or credit-token to the extent that it is used by him [or a relation of his (within the meaning of section 144)¹⁰⁷]-

(i) for obtaining money which is spent on goods or services in connection with the car; or
(ii) for obtaining such goods or services;

(c) under section 153 in respect of any payment made to him in respect of expenses incurred by him in connection with the car.

(4) - (5) [Repealed by 1993 Sch.3 paras.1, 2(2), 7 and Sch.23 Pt.III (3) .] ¹⁰⁸