Part 1 Capital Allowances
Finance Act 2009 (2009 c 10) | Legislation

SCHEDULE 11 Tax Relief for Business Expenditure on Cars and Motor Cycles

Section 30

Part 1 Capital Allowances

Plant and machinery allowances for cars and motor cycles

1

Part 2 of CAA 2001 (plant and machinery allowances) is amended as follows.

2

In section 38B (general exclusions from AIA qualifying expenditure), in general exclusion 2, for “81†substitute “268Aâ€.

3

In section 46(2) (general exclusions from first year allowances), in general exclusion 2, for “81†substitute “268Aâ€.

4

Omit sections 74 to 79 (cars above the cost threshold).

5

Omit section 81 (extended meaning of “carâ€) and section 82 (qualifying hire cars).

6

In section 84 (cases in which short-life asset treatment is ruled out), in the Table, in item 3, in the first column, for “81†substitute “268Aâ€.

7

(1)     Section 104A (special rate expenditure) is amended as follows.

(2)     In subsection (1)—

(a)     in paragraph (a), after “the†insert “firstâ€,

(b)     omit “and†at the end of paragraph (c), and

(c)     insert at the end “, and

(e)     expenditure incurred on or after the second relevant date on the provision of a car that is not a main rate

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