SCHEDULES
SCHEDULE 11Tax relief for business expenditure on cars and motor cycles
Part 1Capital allowances
Transitionals
31
(1)
This paragraph applies where—
(a)
old expenditure is required to be allocated to a single asset pool by section 74 of CAA 2001,
(b)
there is unrelieved expenditure in that pool at the end of a transitional chargeable period, and
(c)
the unrelieved expenditure is not required to be allocated to a single asset pool by any other provision of Part 2 of that Act.
(2)
The unrelieved expenditure must be carried forward to the main pool.
(3)
A “transitional chargeable period” is one that begins before the third relevant date and ends on or after the day before the third relevant date.