Capital Allowances Act 2001 section 104AA

Meaning of "main rate car"

Section 104AA defines what qualifies as a "main rate car" for the purposes of capital allowances on plant and machinery, determining which cars attract the main rate of writing down allowance rather than the special (lower) rate.

• A main rate car is one that was first registered before 1 March 2001, has low CO₂ emissions, or is electrically propelled
• A car has low CO₂ emissions if it was registered on the basis of a qualifying emissions certificate and its CO₂ emissions do not exceed 50 grams per kilometre driven
• The Treasury has the power to amend the 50g/km CO₂ emissions threshold by order, and any such order may include transitional provisions
• Key terms such as "car", "electrically propelled", "applicable CO₂ emissions figure" and "qualifying emissions certificate" are defined elsewhere in the Act