Section 45D | Expenditure on cars with low carbon dioxide emissions

(1)Expenditure is first-year qualifying expenditure if—

(a)it is incurred in the relevant period,^F1

(b)it is expenditure on a car which is first registered on or after 17th April 2002 and which is unused and not second-hand,

(c)the car—^F2

(i)is electrically-propelled, or^F2

(ii)has low CO2 emissions, and^F2

(d)the expenditure is not excluded by section 46 (general exclusions).

(1A)Repealed^F3

(1B)The “relevant period” is the period beginning with 17 April 2002 and ending with—^F4

(a)in the case of expenditure incurred by a company within the charge to corporation tax, 31 March 2027, and^F4F5

(b)in the case of expenditure incurred by a person within the charge to income tax, 5 April 2027.^F4F6

(1C)The Treasury may by regulations amend subsection (1B) so as to extend the relevant period.^F4

(2)For the purposes of this section a car has low CO2 emissions if it satisfies the conditions in subsections (3) and (4).^F7

(3)The first condition is that, when the car is first registered, it is so registered on the basis of a qualifying emissions certificate.^F8

(4)The second condition is that the applicable CO 2 emissions figure in relation to the car does not exceed 0 grams per kilometre driven.^F9F10

(5)Repealed^F11

(6)Repealed^F11

(7)The Treasury may by order amend the amount from time to time specified in subsection (4).

(8)In this section any reference to a car is to a car within the meaning of section 268A, except that it—^F12

(a)includes a reference to a mechanically propelled road vehicle of a type commonly used as a hackney carriage, ...^F13

(b)Repealed^F13

(9)Repealed^F14

(10)Repealed^F14

(11)In this section—^F15

“applicable CO2 emissions figure” and “qualifying emissions certificate” have the meanings given in section 268C;

“electrically-propelled” has the meaning given in section 268B.