Suppose the low emission car bought is a secondhand one. How to deal with it? Shall I put it in other additions and not give it the FYA or shall the item be excluded from the computation?
Hi! The treatment of motor cars depends on its CO2 emissions as follows:
1. Low emission (C02 emissions is less than or equal to 110 g/km) If purchased new: it is eligible for 100% FYA If second-hand: treat as a standard emission car (see below)
2. Standard emission (C02 emissions is within 111 – 160 g/km Treatment: Include in the general pool (main pool) as an addition not qualifying for AIA or FYA
3. High emission (C02 is > 160 g/km) Treatment: Include in the special rate pool as an additional not qualifying for AIA or FYA.