83 Meaning of “short-life asset”U.K.
This section has no associated Explanatory Notes
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.