Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 11 Tax relief for business expenditure on cars and motor cycles

Part 1 Capital allowances

Plant and machinery allowances for cars and motor cycles

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

(2) In subsection (1)—

(a) in paragraph (a), after “the” insert “first”,

(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 car.”

(3) In subsection (2), after “The” insert “first”.

(4) After that subsection insert—

“(3) The second relevant date is—

(a) for corporation tax purposes, 1 April 2009, and

(b) for income tax purposes, 6 April 2009.

(4) In this section—

• “car” has the meaning given in section 268A;

• “main rate car” has the meaning given in section 104AA.”