# Finance Act 2013, Paragraph 46


In section 1 of CAA 2001 (capital allowances), after subsection (3) insert—
“(4) But a person is not entitled to any allowance or liable to any charge under this Act in calculating the profits of a trade, profession or vocation of the person in relation to which an election under section 25A of ITTOIA 2005 (cash basis for small businesses) has effect, other than an allowance in respect of expenditure incurred on the provision of a car (or a charge in connection with such an allowance).
(5) In subsection (4) “car” has the same meaning as in Part 2 (see section 268A).”

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Source: https://www.legislation.gov.uk/ukpga/2013/29/schedule/4/paragraph/46 (the official version)
Page: https://openlegislation.uk/finance-act-2013/schedule-4/paragraph-46
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.