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Finance Act 1976

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43Capital allowances: motor cars

(1)In paragraphs 10 to 12 of Schedule 8 to the [1971 c. 68.] Finance Act 1971 (special capital allowances rules for motor cars) for any reference to £4,000 or £1,000 there shall be substituted a reference to £5,000 or £1,250 respectively.

(2)This section applies in relation to expenditure incurred after 6th April 1976 ; and section 50(4) of the said Act of 1971 applies for the purposes of this subsection.

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