Part 2Plant and machinery allowances
Chapter 8Cars, etc.
Cars above the cost threshold
74Single asset pool
(1)
Qualifying expenditure incurred on the provision of a car to which this section applies, if allocated to a pool, must be allocated to a single asset pool.
(2)
This section applies to a car if—
(a)
the car is not a qualifying hire car (as defined by section 82), and
(b)
the capital expenditure incurred on its provision for the purposes of the qualifying activity exceeds £12,000.
(3)
In this Chapter “car” has the meaning given by section 81 (extended meaning of “car”).
(4)
The Treasury may by order increase or further increase the sums of money specified in subsection (2) and in sections 75 and 76.