# Finance Act 2009, Paragraph 62


(1) Section 578A (rules restricting deductions: car or motor cycle hire) is amended as follows.
(2) In subsection (2), for paragraphs (a) and (b) substitute
“which is not—
(a) a car that is first registered before 1 March 2001,
(b) a car that has low CO2 emissions (as defined in section 104AA of the Capital Allowances Act),
(c) a car that is electrically propelled (as defined in section 268B of that Act), or
(d) a qualifying hire car.”
(3) Omit subsections (2A) and (2B).
(4) After subsection (2B) insert—
“(2C) This section does not apply to the hiring of a car where condition A or condition B in section 58A of CTA 2009 (short-term hiring in and long-term hiring out) is met.”
(5) In subsection (3), for the words from “multiplying” to the end substitute “ 15% ”.
(6) In subsection (4), for “multiplying it by the fraction in subsection (3) above” substitute “ 15% ”.
(7) After that subsection insert—
“(5) For the purposes of section 50B of ITTOIA 2005 (connected persons: application of restrictions), this section is to be treated as if it were part of section 48 of that Act.”

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Source: https://www.legislation.gov.uk/ukpga/2009/10/schedule/11/paragraph/62 (the official version)
Page: https://openlegislation.uk/finance-act-2009/schedule-11/paragraph-62
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.