Part 3Capital allowances
Plant and machinery: first-year allowances
77Cars with low carbon dioxide emissions
(1)
Section 45D of CAA 2001 (expenditure on cars with low carbon dioxide emissions) is amended as follows.
F1(2)
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F2(3)
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(4)
In consequence of the amendment made by subsection (2)—
F3(a)
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F4(b)
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(5)
The amendment made by subsection (3) has effect in relation to expenditure incurred on or after 1 April 2008.
(6)
But in relation to expenditure incurred on the hiring of a car—
(a)
for a period of hire which begins on or before 31 March 2008, and
(b)
under a contract entered into on or before 31 March 2008,
F5section 50 of ITTOIA 2005 applies on and after 1 April 2008 as if the amendment made by subsection (3) did not have effect.