# Capital Allowances Act 2001, Section 544: Management assets

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

(1) No allowances are to be given or charges imposed in respect of management assets of any long-term business carried on by a company except under Part 2 (plant and machinery allowances) or Part 2A (structures and buildings allowances).
(2) An asset is a management asset of any long-term business carried on by a company if it is provided for use, or used, for the management of that business of that company.
(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

---
Source: https://www.legislation.gov.uk/ukpga/2001/2/section/544 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-544
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.