{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-45S",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-45S.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/45S",
  "kind": "section",
  "number": "45S",
  "heading": "Expenditure on plant or machinery in other cases",
  "text": "Expenditure is first-year qualifying expenditure if—\n(a) it is incurred on or after 1 April 2023,\n(b) it is incurred by a company within the charge to corporation tax,\n(c) it is expenditure on plant or machinery which is unused and not second-hand, and\n(d) it is not excluded by section 45T (exclusion of expenditure under disqualifying arrangements) or 46 (general exclusions).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Ss. 45S, 45T inserted (22.2.2024) by Finance (No. 2) Act 2023 (c. 30), s. 7(3) (as amended by Finance Act 2024 (c. 3), s. 1(1)(2)(a))"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/45S",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}