Capital Allowances Act 2001 (c. 2)

Part 2 Plant and machinery allowances

Chapter 10 Long-life assets

Expenditure excluded from being long-life asset expenditure

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.