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Legislation
Capital Allowances Act 2001

Chapter 9 Short-life assets

  • Section 83 Meaning of “short-life asset”
  • Section 84 Cases in which short-life asset treatment is ruled out
  • Section 85 Election for short-life asset treatment: procedure
  • Section 86 Short-life asset pool
  • Section 87 Short-life assets provided for leasing
  • Section 88 Sales at under-value
  • Section 89 Disposal to connected person
  1. Chapter 9 · Short-life assets
  2. Meaning of “short-life asset”

Section 83 | Meaning of “short-life asset”

From legislation.gov.uk

Plant or machinery in respect of which qualifying expenditure has been incurred is a short-life asset if—

(a)its treatment as a short-life asset is not ruled out by section 84, and

(b)the person incurring the expenditure elects for the plant or machinery to be treated as a short-life asset.

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