C1C5C4C3C6C7C8C9Part 2 Plant and machinery allowances
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 4 para. 4 ; S.I. 2004/2575 , art. 2(1) , Sch. 1
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35
Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37
Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24
Chapter 4 First-year qualifying expenditure
Types of expenditure which may qualify for first-year allowances
45AF1 Expenditure on energy-saving plant or machinery
1
Expenditure is first-year qualifying expenditure if—
a
it is expenditure on energy-saving plant or machinery that is unused and not second-hand,
b
it is incurred on or after 1st April 2001, and
c
it is not excluded by section 46 (general exclusions).
F21A
This section is subject to section 45AA (payments under Energy Act 2008 schemes).
2
Energy-saving plant or machinery means plant or machinery in relation to which the following conditions are met—
a
when the expenditure is incurred, or
b
when the contract for the provision of the plant or machinery is entered into.
3
The conditions are that the plant or machinery—
a
is of a description specified by Treasury order, and
b
meets the energy-saving criteria specified by Treasury order for plant or machinery of that description.
4
Any such order may make provision by reference to any technology list, or product list, issued by the Secretary of State (whether before or after the coming into force of this section).
Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 34) (as amended (20.2.2003) by S.I. 2003/333, art. 14)