Section 27F: Fast charger for electric car investment allowance
This section is inserted by Finance Act 2019, section 26.
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
27F. Fast charger for electric car investment allowance
(1) Subject to this section, where an individual has
in an income year acquired a fast charger for his electric
car, he shall be entitled to deduct from his net income, the
expenditure incurred for the acquisition of the charger.
326 Acts 2019
(2) Where, in an income year, a person has claimed
a deduction in respect of a fast charger under section 24A,
he shall not be entitled to a deduction under this section in
respect of the same charger.
(3) Any unrelieved amount under subsection (1) in
an income year may be carried forward and deducted from the
net income of succeeding years.