[212T Cap on first-year allowances: zero-emission goods vehicles]
Capital Allowances Act 2001 (2001 c 2) | Legislation

[Chapter 16B
Cap on First-year Allowances. . .]

[212T  Cap on first-year allowances: zero-emission goods vehicles]

[(1)     A section 45DA allowance is not available in respect of expenditure (“the current expenditure”) incurred by a person (“the investor”)—

(a)     if section 45DA allowances have previously been made in respect of undertaking expenditure of 85 million euros, or

(b)     (where paragraph (a) does not apply) if, and to the extent that, the aggregate of—

(i)     the undertaking expenditure in respect of which section 45DA allowances have previously been made, and

(ii)     the current expenditure,

exceeds

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