| 22/11/2008 |
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| Car Price Guidelines |
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The car prices shown on this price guideline are only meant to determine the car value in respect of a Category 1 Car Fringe Benefit whenever one or more of the following conditions applies:
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- The relevant car is a 'leased' or 'hired' car
- The relevant car has been purchased second hand
- The relevant car was purchased by the company / emplouyer prior to 1st January 2001 and for which no original purchase invoices exist and the actual car value as defined in the 'Tax Guide' cannot be readily determined
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| CPG guide |
Notional Price of a Car |
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In the case that the relevant car is not found on this price guideline and no actual purchase invoices when new exist, a 'notional' car price should be used.
A 'notional' price is the price of an 'equivalent' car of similar make to the relevant car having the same year of registration and which can be found on the price guidelines.
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| CPG guide |
Cars first registered before 1995 |
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The price of cars registered before 1995 for which no 'when new' purchase documents are available, or are 'leased' or have been bought second-hand should be determined on the price as shown for the most prior year in the price guidelines.
Note: This does not apply to 'classic' cars
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The cost of any optional accessories fitted to the car must be added to the car's relevant price as quoted in these guidelines.
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