Part 2 Plant and machinery allowances

F1Chapter 10ASpecial rate expenditure

Special rate expenditure

104ASpecial rate expenditure

(1)

“Special rate expenditure” means—

(a)

expenditure incurred on or after the F2first relevant date to which section 28 (thermal insulation) applies,

(b)

expenditure incurred on or after that date to which section 33A (integral features) applies,

(c)

long-life asset expenditure (within the meaning of Chapter 10) incurred on or after that date, F3...

(d)

long-life asset expenditure (within the meaning of that Chapter) incurred before that date but allocated to a pool in a chargeable period beginning on or after that dateF4, F5...

(e)

expenditure incurred on or after the second relevant date on the provision of a car that is not a main rate car F6F7...

(f)

expenditure incurred on or after 1 April 2010 on the provision of cushion gas (within the meaning given by section 70J(7))F8, and

(g)

expenditure incurred on or after the third relevant date on the provision of solar panels.

(2)

The F9first relevant date is—

(a)

for corporation tax purposes, 1 April 2008, and

(b)

for income tax purposes, 6 April 2008.

F10(3)

The second relevant date is—

(a)

for corporation tax purposes, 1 April 2009, and

(b)

for income tax purposes, 6 April 2009.

F11(3A)

The third relevant date is—

(a)

for corporation tax purposes, 1 April 2012, and

(b)

for income tax purposes, 6 April 2012.

(4)

In this section—

“car” has the meaning given in section 268A;

“main rate car” has the meaning given in section 104AA.