Recent news Finance (No 3) Act 2010 published on 16 December 2010 incorporated some minor changes to capital allowances Zero Emission Goods Vehicles Expenditure on new and unused zero-emission goods vehicles will attract a 100% FYA. Zero emission goods vehicle is defined as a goods vehicle that cannot in any circumstances emit CO2 by being driven. The FYA will apply for five years until April 2015. There is an overall expenditure cap of €85m per undertaking over the five year period. Restrictions to the availability of FYA apply (e.g. leasing). In addition excluded industries include fisheries or aquaculture or the management of waste of undertakings. Applicable from 1 April 2010 for corporation tax and 6 April for income tax Qualifying Care Relief These rules have been amended so that an individual qualifying carer does not lose the opportunity to claim capital allowances in certain circumstances. Top of page