SCHEDULES
SCHEDULE 11

Tax relief for business expenditure on cars and motor cycles
Part 1

Capital allowances

Commencement and transitionals: introduction
26
For the purposes of this Part of this Schedule—
a
the first relevant date is—
i
for corporation tax purposes, 1 April 2009, and
ii
for income tax purposes, 6 April 2009,
b
the second relevant date is—
i
for corporation tax purposes, 1 August 2009, and
ii
for income tax purposes, 6 August 2009, and
c
the third relevant date is—
i
for corporation tax purposes, 1 April 2014, and
ii
for income tax purposes, 6 April 2014.
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1
For the purposes of this Part of this Schedule “new expenditure” means—
a
expenditure incurred on or after the first relevant date, and
b
expenditure incurred before that date to which sub-paragraph (2) applies,
and expenditure that is not new expenditure is “old expenditure”.
2
This sub-paragraph applies to expenditure if—
a
it is incurred under an agreement for the provision of a car entered into after 8 December 2008, and
b
under that agreement the car is not required to be made available before the second relevant date.
3
For the purposes of sub-paragraph (2) an agreement is entered into on the date on which the following conditions are met—
a
there is a contract in writing for the provision of the car,
b
the contract is unconditional or, if it is conditional, the conditions have been met, and
c
no terms remain to be agreed.