# Capital Allowances Act 2001, Section 54: The different kinds of pools

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

(1) There are single asset pools, class pools and the main pool.
(2) A single asset pool may not contain expenditure relating to more than one asset.
(3) The following provide for qualifying expenditure to be allocated to a single asset pool—
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ;
section 86 (short-life asset);
section 127 (ship);
section 206 (plant or machinery provided or used partly for purposes other than those of qualifying activity);
section 211 (payment of partial depreciation subsidy);
section 538 (contribution allowances: plant and machinery).
(4) A class pool is a pool which may contain expenditure relating to more than one asset.
(5) The following provide for qualifying expenditure to be allocated to a class pool—
section 104C (special rate expenditure);
section 107 (overseas leasing).
(6) Qualifying expenditure may be allocated to the main pool only if it does not fall to be allocated to a single asset pool or a class pool.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/54 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.