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Finance Act 2009

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Changes over time for: Paragraph 27

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Finance Act 2009, Paragraph 27 is up to date with all changes known to be in force on or before 14 February 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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27(1)For the purposes of this Part of this Schedule “new expenditure” means—U.K.

(a)expenditure incurred on or after the first relevant date, and

(b)expenditure incurred before that date to which sub-paragraph (2) applies,

and expenditure that is not new expenditure is “old expenditure”.

(2)This sub-paragraph applies to expenditure if—

(a)it is incurred under an agreement for the provision of a car entered into after 8 December 2008, and

(b)under that agreement the car is not required to be made available before the second relevant date.

(3)For the purposes of sub-paragraph (2) an agreement is entered into on the date on which the following conditions are met—

(a)there is a contract in writing for the provision of the car,

(b)the contract is unconditional or, if it is conditional, the conditions have been met, and

(c)no terms remain to be agreed.

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