http://www.legislation.gov.uk/ukpga/2000/17/section/74/2000-03-21Finance Act 2000An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.texttext/xmlenStatute Law Database2026-04-162000-03-21 Part III Income Tax, Corporation Tax and Capital Gains TaxChapter II Other provisions Capital allowances Pool for certain leased assets and inexpensive cars.741In section 41 of the Capital Allowances Act 1990 (writing-down allowances etc for leased assets and inexpensive cars)—ain subsection (1), paragraphs (b) and (c) and the word “ or ” at the end of paragraph (a); andbin subsection (4), paragraph (a) and, in paragraph (b), the words from “or within (1)(b) or (c)" to “subsection (1)(c)" and the words “or subsection (1)(b) or (c)",shall cease to have effect for chargeable periods ending on or after the relevant date.2Subsection (3) below applies where—aimmediately before the end of the relevant chargeable period, a person was treated for the purposes of sections 24, 25 and 26 of the Capital Allowances Act 1990 as having incurred expenditure on the provision of machinery or plant wholly and exclusively for the purposes of a separate trade carried on by him;bthe expenditure fell within subsection (1)(b) or (c) of section 41 of that Act; andcqualifying expenditure in respect of the separate trade for the relevant chargeable period exceeded any disposal value brought into account in respect of that trade for that period.3The balance of the excess (after the deduction of any writing-down allowances made by reference to it) shall be treated for the purposes of sections 24, 25 and 26 of the Capital Allowances Act 1990 as capital expenditure which—awas incurred by that person in the relevant chargeable period on the provision of the machinery or plant for the purposes of the trade which is the actual trade for the purposes of section 41 of that Act; andbdoes not form part of his qualifying expenditure for that period.4In this section—“the relevant chargeable period” means the chargeable period immediately preceding that which begins on or before and ends on or after the relevant date;“the relevant date” means, subject to subsection (5) below, 6th April 2000 for the purposes of income tax and 1st April 2000 for the purposes of corporation tax.5A person may, by a notice given to an officer of the Board, elect that this section shall have effect in relation to any trade carried on by him as if the relevant date were 6th April 2001 or, as the case may be, 1st April 2001.1990 c. 1. 1990 c. 1. 1990 c. 1.