Guidance Required

Fair enough. I slapped some

Fair enough. I slapped some of these on an old mountain bike and got on well with them for round town duties:

https://planetx.co.uk/products/on-one-mary-handlebar

Ah – OK – yeah, I can see how

Ah – OK – yeah, I can see how you could read it like that. Anyone who did draw up something like that would deserve a kicking for the headaches it would cause people trying to use it, but still it’s just the sort of thing you can imagine being produced by a government department.

It’s the latter – it’s the

It’s the latter – it’s the valuation of the bike (this is clear when you consider that it’s decreasing as the bike gets older). However, it’s specifically the valuation that an employer has to apply at the end of a cycle to work ‘lease’ period, so it’s deliberately lowballed because the whole point is to make the scheme attractive and encourage take-up. It’s basically only there at all to stop people completely taking the piss and using it as a ‘tax-efficient’ way of buying and flogging on bikes.

Quote:

I envisioned selling my Light Blue Wolfson and using the proceeds to acquire said bike. However my advertised Sram Red equiped steed has not even elicited a single enquiry. I suspect that the presence of rim brakes is seen as a big no-no in the second hand bike market these days.

Not sure where you advertised it and what the asking price was. Generally speaking, used bikes just aren’t worth very much. This table from HMRC is probably a bit pessimistic but the reality is often not that far off.

The upside of that is that you could get a 2nd hand city bike for not much – probably around £100 – £200 depending on what you were looking for. Facebook marketplace has lots of these.