Search Legislation

Capital Allowances Act 2001

 Help about what version

What Version

 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Section 84

 Help about opening options

Status:

Point in time view as at 06/04/2024.

Changes to legislation:

Capital Allowances Act 2001, Section 84 is up to date with all changes known to be in force on or before 07 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

84 Cases in which short-life asset treatment is ruled outU.K.

This section has no associated Explanatory Notes

Treatment of plant or machinery as a short-life asset is ruled out in any of the cases listed in column 1 of the Table, unless an exception listed in column 2 applies.

Table

Short-life asset treatment

1. Short-life asset treatment ruled out2. Exception (if any)

1. The expenditure is treated as incurred for the purposes of a qualifying activity under—

(a)

section 13 (use for qualifying activity of plant or machinery provided for other purposes), or

(aa)

[F1section 13A (use for other purposes of plant or machinery provided for long funding leasing), or]

(b)

section 14 (use for qualifying activity of plant or machinery which is a gift).

2. The plant or machinery is the subject of special leasing (as defined by section 19).
3. The plant or machinery is a car (as defined by section [F2268A]). [F3The car is a hire car for a disabled person (as defined by section 268D).]
[F44. The expenditure is special rate expenditure (see Chapter 10A).] [F5The expenditure is incurred on the provision of a car which is a hire car for a disabled person (as defined by section 268D)]
5. The plant or machinery is provided for leasing.

The plant or machinery is a car which is [F6a hire car for a disabled person (as defined by section 268D)].

The plant or machinery will be used within the designated period (as defined by section 106) for a qualifying purpose (as defined by sections 122 to 125).

6. Section 109 provides only a 10% writing-down allowance in respect of expenditure on the plant or machinery.
7. The plant or machinery is leased to two or more persons jointly in circumstances such that section 116 applies.
8. The plant or machinery is a ship.
9. The expenditure was incurred partly for the purposes of a qualifying activity and partly for other purposes (see Chapter 15).
10. The expenditure is required to be allocated to a single asset pool under section 211 (partial depreciation subsidy).

Textual Amendments

F1Words in s. 84 inserted (with effect in accordance with Sch. 8 para. 15 of the amending Act) by Finance Act 2006 (c. 25), Sch. 8 para. 8(2)

F2Word in s. 84 substituted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 6 (with Sch. 11 paras. 30-32)

F3Words in s. 84 substituted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 19(2) (with Sch. 11 paras. 30-32)

F4Words in s. 84 substituted (with effect in accordance with Sch. 26 para. 14 of the amending Act) by Finance Act 2008 (c. 9), Sch. 26 para. 7

F5Words in s. 84 inserted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 19(3) (with Sch. 11 paras. 30-32)

F6Words in s. 84 substituted (with effect in accordance with Sch. 11 paras. 26, 27, 28(1) to the amending Act) by Finance Act 2009 (c. 10), Sch. 11 para. 19(4) (with Sch. 11 paras. 30-32)

Back to top

Options/Help

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?