# Capital Allowances Act 2001, Section 90: Long-life asset expenditure


“Long-life asset expenditure” means qualifying expenditure—
(a) incurred on the provision of a long-life asset for the purposes of a qualifying activity, and
(b) not excluded from being long-life asset expenditure by any of sections 93 to 100.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/90 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-90
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.