# Capital Allowances Act 2001, Section 83: Meaning of “short-life asset”


Plant or machinery in respect of which qualifying expenditure has been incurred is a short-life asset if—
(a) its treatment as a short-life asset is not ruled out by section 84, and
(b) the person incurring the expenditure elects for the plant or machinery to be treated as a short-life asset.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/83 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-83
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.