# Capital Allowances Act 2001, Section 254: Introductory

Extent: E+W+S+N.I.

(1) Sections 255 and 256 apply if a company which is carrying on any long-term business is entitled or liable to any allowances or charges for a chargeable period in respect of plant or machinery consisting of a management asset.
(2) In this Chapter “management asset” has the same meaning as in Chapter 1 of Part 12 (life assurance business).

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/254 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-254
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.