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Capital Allowances Act 2001

Section 87: Short-life assets provided for leasing

394.This section is based on section 37(6) of CAA 1990. It deals with leased assets that are used other than for a qualifying purpose.

395.Section 84 permits assets provided for leasing to be short-life assets if they:

  • are cars hired to disabled persons; or

  • will be used only for qualifying purposes in the designated period.

396.If the plant or machinery starts to be used for what is not a qualifying purpose, the short-life asset pool ends. The expenditure left in the single asset pool goes to the main pool.

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