General exclusions affecting first-year qualifying expenditureU.K.
4(1)Section 46 is amended as follows.
(2)In subsection (1) (expenditure which is subject to the general exclusions) after the entry relating to section 45A add “,
| section 45D | (expenditure on cars with low CO2 emissions),”. |
(3)After subsection (2) (general exclusions listed for the purposes of subsection (1)) insert—
“(3)Subsection (1) is subject to the following provisions of this section.
(4)General exclusion 2 does not prevent expenditure being first-year qualifying expenditure under section 45D.”.