Part 2 Plant and machinery allowances
Chapter 10 Long-life assets
Long-life asset expenditure
90 Long-life asset expenditure
“Long-life asset expenditure” means qualifying expenditure—
(a)
incurred on the provision of a long-life asset for the purposes of a qualifying activity, and
(b)
not excluded from being long-life asset expenditure by any of sections 93 to 100.