Part 3Capital allowances
Plant and machinery: first-year allowances
77Cars with low carbon dioxide emissions
1
Section 45D of CAA 2001 (expenditure on cars with low carbon dioxide emissions) is amended as follows.
F42
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F53
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
In consequence of the amendment made by subsection (2)—
F1a
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
F3b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
The amendment made by subsection (3) has effect in relation to expenditure incurred on or after 1 April 2008.
6
But in relation to expenditure incurred on the hiring of a car—
a
for a period of hire which begins on or before 31 March 2008, and
b
under a contract entered into on or before 31 March 2008,
F2section 50 of ITTOIA 2005 applies on and after 1 April 2008 as if the amendment made by subsection (3) did not have effect.