Section 104A Special rate expenditure
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Amendments
Section 104A inserted by Finance Act 2008 section 82 and Schedule 26 para 2 in relation to expenditure incurred on or after 1 April 2008 (for corporation tax purposes), and 6 April 2008 (for income tax purposes), and in relation to long-life asset expenditure (within the meaning of Part 2 Chapter 10) incurred before those dates but allocated to a pool in a chargeable period beginning on or after those dates.
(1) “Special rate expenditure” means—
(a) expenditure incurred on or after the [first]1 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, ...2
(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 date, [and
(e) expenditure incurred on or after the second relevant date on the provision of a car that is not a main rate car.]3
Amendments
1 Inserted by Finance Act 2009 section 30 and Schedule 11 para 7(2)(a) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
2 Omitted by Finance Act 2009 section 30 and Schedule 11 para 7(2)(b) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
3 Inserted by Finance Act 2009 section 30 and Schedule 11 para 7(2)(c) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
(2) The [first]1 relevant date is—
(a) for corporation tax purposes, 1 April 2008, and
(b) for income tax purposes, 6 April 2008.
Amendments
1 Inserted by Finance Act 2009 section 30 and Schedule 11 para 7(3) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
(3) The second relevant date is–
(a) for corporation tax purposes, 1 April 2009, and
(b) for income tax purposes, 6 April 2009.
Amendments
Subs (3) inserted by Finance Act 2009 section 30 and Schedule 11 para 7(4) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
(4) In this section–
“car” has the meaning given in section 268A;
“main rate car” has the meaning given in section 104AA.
Amendments
Subs (4) inserted by Finance Act 2009 section 30 and Schedule 11 para 7(4) in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
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