Sch 2 para 29
(1) Section 144 (deduction for payments for private use) is amended as follows. (2) In subsection (1), for “calculated under step 7 of section 121(1)” substitute “ (see subsection (1A)) ” . (3) After subsection (1) insert (1A) In this section “ the provisional sum ” means the provisional sum calculated under— (a) step 7 of section 121(1) (method of calculating the cash equivalent of the benefit of a car), or (b) step 2 of section 121A(1) (optional remuneration arrangements: method of calculating relevant amount). (4) In subsection (2), for the words from “so that” to the end substitute so that— (a) in a case within subsection (1A)(a), the cash equivalent of the benefit of the car for the year is nil, or (b) in a case within subsection (1A)(b), the relevant amount for the purposes of section 120A is nil. (5) In subsection (3)— (a) for “In any other case” substitute “ Where subsection (2) does not apply, ” and (b) for the words from “give” to the end substitute give— (a) in a case within subsection (1A)(a), the cash equivalent of the benefit of the car for the year, or (b) in a case within subsection (1A)(b), the relevant amount for the purposes of section 120A.