# Capital Allowances Act 2001, Section 97: Expenditure within the relevant monetary limit: general


Expenditure is not long-life asset expenditure if it is—
(a) expenditure to which the monetary limits apply, and
(b) incurred in a chargeable period for which the relevant monetary limit is not exceeded.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/section/97 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/section-97
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.