91. Excluded expenditure.

Expenditure within any of the following heads1 is not first-year qualifying expenditure2:

  1.  

    (1)     expenditure which is incurred in the chargeable period3 in which the qualifying activity4 is permanently discontinued5;

  2.  

    (2)     expenditure incurred on the provision of a car6;

  3.  

    (3)     expenditure which would be long-life asset expenditure but for transitional provisions7;

  4.  

    (4)     expenditure on plant or machinery for leasing (whether in the course of a trade or otherwise)8;

  5.  

    (5)     expenditure incurred in circumstances such that: