Capital Allowances Act 2001 s 83

s 83 Meaning of “short-life asset”

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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