Part 2Plant and machinery allowances
Chapter 5Allowances and charges
Pooling
54The different kinds of pools
1
There are single asset pools, class pools and the main pool.
2
A single asset pool may not contain expenditure relating to more than one asset.
3
The following provide for qualifying expenditure to be allocated to a single asset pool—
section 74 (car above the cost threshold);
section 86 (short-life asset);
section 127 (ship);
section 206 (plant or machinery provided or used partly for purposes other than those of qualifying activity);
section 211 (payment of partial depreciation subsidy);
section 538 (contribution allowances: plant and machinery).
4
A class pool is a pool which may contain expenditure relating to more than one asset.
5
The following provide for qualifying expenditure to be allocated to a class pool—
section 101 (long-life assets);
section 107 (overseas leasing).
6
Qualifying expenditure may be allocated to the main pool only if it does not fall to be allocated to a single asset pool or a class pool.