(1)In this Act “means of transport" in the expression “new means of transport” means any of the following, that is to say—
(a)any ship exceeding 7.5 metres in length;
(b)any aircraft the take-off weight of which exceeds 1550 kilograms;
(c)any motorized land vehicle which—
(i)has an engine with a cylinder capacity exceeding 48 cubic centimetres; or
(ii)is constructed or adapted to be electrically propelled using more than 7.2 kilowatts.
(2)For the purposes of this Act a means of transport shall be treated as new at any time unless at that time—
(a)a period of more than three months has elapsed since its first entry into service; and
(b)it has, since its first entry into service, travelled under its own power—
(i)in the case of a ship, for more than 100 hours;
(ii)in the case of an aircraft, for more than 40 hours; and
(iii)in the case of a land vehicle, for more than 3000 kilometres.
(3)The Treasury may by order vary this section—
(a)by adding or deleting any ship, aircraft or vehicle of a description specified in the order to or from those which are for the time being specified in subsection (1) above; and
(b)by altering, omitting or adding to the provisions of subsection (2) above for determining whether a means of transport is new.
(4)The Commissioners may by regulations make provision specifying the circumstances in which a means of transport is to be treated for the purposes of this section as having first entered into service.]
Textual Amendments
F1S. 47A inserted (1.12.1992) by Finance (No. 2) Act 1992 (c. 48), s. 14(2), Sch. 3 Pt. I para.45; S.I. 1992/2979, art. 4, Sch. Pt.II (with art. 5); S.I. 1992/3261, art. 3,Sch. (with art. 4).