Section 104AA Meaning of "main rate car"
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Amendments
Section 104AA inserted by Finance Act 2009 section 30 and Schedule 11 para 8 in relation to expenditure incurred on or after 1 April 2009 (for corporation tax purposes), and 6 April 2009 (for income tax purposes).
(1) “Main rate car” means—
(a) a car that is first registered before 1 March 2001,
(b) a car that has low CO2 emissions, or
(c) a car that is electrically-propelled.
(2) For the purposes of this section a car has low CO2 emissions if it meets conditions A and B.
(3) Condition A is that, when the car is first registered, it is so registered on the basis of a qualifying emissions certificate.
(4) Condition B is that the applicable CO2 emissions figure in relation to the car does not exceed 160 grams per kilometre driven.
(5) The Treasury may by order amend the amount from time to time specified in subsection (4).
(6) An order under subsection (5) may contain transitional provision and savings.
(7) In this section—
“applicable CO2 emissions figure” and “qualifying emissions certificate” have the meanings given in section 268C;
“car” has the meaning given in section 268A;
“electrically-propelled” has the meaning given in section 268B.
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