C2

C1C5C4C3C6C7C8C9C10Part 2 Plant and machinery allowances

Annotations:
Modifications etc. (not altering text)
C1

Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)

C5

Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1

C4

Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1

C3

Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1

C6

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19

C7

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35

C8

Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37

C9

Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24

C10

Pt. 2 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 73(7)-(11) (with s. 73(6))

Chapter 4 First-year qualifying expenditure

Types of expenditure which may qualify for first-year allowances

45D 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 F102015,

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,

F1c

the car—

i

is electrically-propelled, or

ii

has low CO2 emissions, and

d

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

2

For the purposes of this section F2a car has low CO2 emissions if it satisfies the conditions in subsections (3) and (4).

3

The first condition is that, when the car is first registered, it is so registered on the basis of F3a qualifying emissions certificate.

4

The second condition is that the applicable CO 2 emissions figure F4in relation to the car does not exceed F1195 grams per kilometre driven.

F55

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F56

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

The Treasury may by order amend the amount from time to time specified in subsection (4).

8

In this section any reference to a car F6is to a car within the meaning of section 268A, except that it

a

includes a reference to a mechanically propelled road vehicle of a type commonly used as a hackney carriage, F7...

F7b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F89

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F810

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F911

In this section—

  • “applicable CO2 emissions figure” and “qualifying emissions certificate” have the meanings given in section 268C;

  • electrically-propelled” has the meaning given in section 268B.