# Capital Allowances Act 2001, Section 70P: The useful economic life test


A lease meets the useful economic life test if the term of the lease is more than 65% of the remaining useful economic life of the leased plant or machinery.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/70P (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-70P
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.