Clause 4

by inserting immediately after the expression “section 19” appearing in the proviso to paragraph (c) of subsection (1) thereof the expression “or 18A”; and

by inserting immediately after subsection (2) thereof the following subsections: —“(3) Notwithstanding the provisions of subsection (1) of this section where outgoings and expenses falling within that subsection are incurred in respect of a motor car to which this subsection applies the sum to be allowed as a deduction shall be limited to the amount which bears to such outgoings and expenses the same proportions as fifteen thousand dollars bear to the capital expenditure incurred, where such capital expenditure exceeds fifteen thousand dollars:Provided that any deduction for the cost of renewal of a motor car to which this subsection applies shall not exceed fifteen thousand dollars.(4) Subsection (3) of this section shall apply to a motor car which is constructed or adapted for the carriage of not more than seven passengers exclusive of the driver and the weight of which unladen does not exceed three tons except —

a taxi;

a motor car registered as a private car (school transport); and

a private hire car which is hired to the same person for not more than six months in any year.”.