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Legislation
Capital Allowances Act 2001

Crossheading Expenditure excluded from being long-life asset expenditure

  • Section 93 Fixtures etc.
  • Section 94 Ships
  • Section 95 Railway assets
  • Section 96 Cars
  • Section 97 Expenditure within the relevant monetary limit: general
  • Section 98 Expenditure to which the monetary limits apply
  • Section 99 The monetary limit
  • Section 100 Exceeding the monetary limit
  1. Expenditure excluded from being long-life asset expenditure
  2. Cars

Section 96 | Cars

From legislation.gov.uk

Expenditure is not long-life asset expenditure if it is incurred on the provision of a car or motor cycle (as defined by section 268A).F1

Notes

  1. F1

    Words in s. 96 substituted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 21 (with Sch. 11 paras. 30-32)

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