SCHEDULE 19 Capital Allowances: Cars with Low Carbon Dioxide Emissions
Finance Act 2002 (2002 c 23) | Legislation

SCHEDULE 19 Capital Allowances: Cars with Low Carbon Dioxide Emissions

Section 59

Introductory

1

The Capital Allowances Act 2001 (c 2) is amended as follows.

Types of expenditure for which first-year allowances available

2

In section 39, after the entry relating to section 45A add

“, section 45Dexpenditure on cars with low CO2 ±ð³¾¾±²õ²õ¾±´Ç²Ô²õ,â€.

First-year qualifying expenditure: car with low carbon dioxide emissions

3

After section 45C insert—

“45¶Ù
Expenditure on cars with low carbon dioxide emissions

(1)     Expenditure is first-year qualifying expenditure if—

(a)     it is incurred in the period beginning with 17th April 2002 and ending with 31st March 2008,

(b)     it is expenditure on a car which is first registered on or after 17th April 2002 and which is unused and not second-hand,

(c)     the car—

(i)     is an electrically-propelled car, or

(ii)     is a car with low CO2 emissions, and

(d)     the expenditure is not excluded by section 46 (general exclusions).

(2)     For the purposes of this section

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