SCHEDULES

SCHEDULE 19Capital allowances: cars with low carbon dioxide emissions

4General exclusions affecting first-year qualifying expenditure

1

Section 46 is amended as follows.

2

In subsection (1) (expenditure which is subject to the general exclusions) after the entry relating to section 45A add

,

section 45D

(expenditure on cars with low CO2 emissions),

3

After subsection (2) (general exclusions listed for the purposes of subsection (1)) insert—

3

Subsection (1) is subject to the following provisions of this section.

4

General exclusion 2 does not prevent expenditure being first-year qualifying expenditure under section 45D.