# Capital Allowances Act 2001, Section 45U: Expenditure on plant or machinery in cases not falling with section 45S etc


Expenditure is first-year qualifying expenditure if—
(a) it is incurred on or after 1 January 2026,
(b) it is not special rate expenditure,
(c) it is expenditure on plant or machinery which is unused and not second-hand, and
(d) it is not excluded by section 45V (exclusion of expenditure under disqualifying arrangements) or 46 (general exclusions).

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/45U (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-45U
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.