Taxes Consolidation Act 1997 section 380K

Interpretation and general (Part 11C)

Section 380K sets out the scope and key definitions for the CO2 emissions-based capital allowance and leasing deductions regime applicable to private passenger-type cars acquired or hired on or after 1 July 2008.

• Part 11C, rather than Part 11, applies to private passenger-type cars; a business may alternatively claim accelerated capital allowances under section 285A for fuel-efficient vehicles instead of availing of Part 11C
• Vehicles are assigned to one of six categories (A–F) based on CO2 emissions confirmed by the relevant EU emissions certificate, ranging from 0g/km (Category A) to more than 190g/km (Category F)
• Where Revenue is not satisfied with the emissions documentation provided, or where no documentation is available, the vehicle is treated as Category F, which attracts no capital allowances or leasing deductions
• The specified amount is defined as €24,000 for accounting periods or basis periods ending on or after 1 January 2007; CO2 emissions are measured in accordance with the relevant EU regulations