Part 2

Plant and machinery allowances
Chapter 8

Cars, etc.

Cars above the cost threshold

General limit on amount of writing-down allowance
75
1
The amount of the writing-down allowance to be made to a person for a chargeable period in respect of qualifying expenditure incurred on the provision of a car to which section 74 applies must not exceed £3,000.
2
The limit under subsection (1) is proportionately increased or reduced if the chargeable period is more or less than a year.
3
The amount of the writing-down allowance may be further limited under—
- section 76 (expenditure met by another person),
- section 77 (effect of use partly for other purposes), or
- section 78 (effect of partial depreciation subsidy).