Businesses of all sizes can claim 100% FYAs on capital expenditure on a car provided that:

the car is ‘unused and not second hand’, and is first registered on or after 17 April 2002;

it is an electric car or a car with qualifying CO2 emissions of not more than a specified amount;

the expenditure is incurred between 17 April 2002 and 31 March 2025; and

the expenditure is not excluded by the general FYA exclusions, see CA23113.

The qualifying CO2 emissions have been reduced since the allowance was introduced. For the period:

17 April 2002 to 31 March 2008 the limit was 120gm per km driven

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