Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

22nd March 2001

Commentary on Sections

Glossary

Part 2: Plant and machinery allowances
Chapter 8: Cars, etc.
Section 81: Extended meaning of “car”

382.This section is based on section 36(1)(a) and (b) of CAA 1990. It defines “car” for the purposes of this Part.

383.Other references to car include sections 46 (general exclusion 2 from first-year qualifying expenditure), 84 (short-life assets treatment ruled out) and 96 (cars are not long-life assets).