Expenditure on the provision of a car which is not within one of the exceptions noted below under 'Meaning of car' is subject to the following special rules:
- Ìý
•ÌýÌýÌýÌý no annual investment allowance is given (see B3.329)1
- Ìý
•ÌýÌýÌýÌý no first-year allowance is given, unless the car has very low CO2 emissions within the provisions described in B3.324A2
- Ìý
•ÌýÌýÌýÌý where there is non-business use of the car the provisions in B3.359 apply3
- Ìý
•ÌýÌýÌýÌý cars other than hire cars for the disabled do not qualify for short-life assets treatment (see B3.343)4
Expenditure on cars other than those in CAA 2001, s 268A(1)(a)–(c) will be allocated to one of two plant or machinery pools — the main pool or the special rate pool5 and qualify for writing-down allowances accordingly.
For HMRC guidance on the treatment of cars see CA23510–CA23560.
Main rate car
A main rate car is6:
- Ìý
(i)ÌýÌýÌýÌý a car that is first registered before 1 March 2001
- Ìý
(ii)
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