Section 77 — Finance Act 2008: Cars with low carbon dioxide emissions

Cars with low carbon dioxide emissions 77 1 Section 45D of CAA 2001 (expenditure on cars with low carbon dioxide emissions) is amended as follows. 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 In consequence of the amendment made by subsection (2)—

a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 The amendment made by subsection (3) has effect in relation to expenditure incurred on or after 1 April 2008.

6 But in relation to expenditure incurred on the hiring of a car—

a for a period of hire which begins on or before 31 March 2008, and b under a contract entered into on or before 31 March 2008, section 50 of ITTOIA 2005 applies on and after 1 April 2008 as if the amendment made by subsection (3) did not have effect.