http://www.legislation.gov.uk/ukpga/2001/2/section/107/notesMineral extraction, mining, quarryingLegislationLegal servicesTaxCapital expenditureExplanatory Notes to Capital Allowances Act 2001Inland RevenueKing's Printer of Acts of Parliament2018-08-24
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2001/2" id="c00001" Class="UnitedKingdomPublicGeneralAct" Year="2001" Number="0002">Capital Allowances Act 2001</Citation>
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22nd March 2001
Commentary on SectionsGlossary<CitationSubRef id="c00119" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/part/2" CitationRef="c00001" SectionRef="part-2">Part 2</CitationSubRef>: Plant and machinery allowances<CitationSubRef id="c00702" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/chapter/11" CitationRef="c00001" SectionRef="chapter-11">Chapter 11</CitationSubRef>: Overseas leasing
<CitationSubRef id="c00732" URI="http://www.legislation.gov.uk/id/ukpga/2001/2/section/107" CitationRef="c00001" SectionRef="section-107">Section 107</CitationSubRef>: The overseas leasing pool
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This section is based on section 41(1)(a) and (6) and part of section 41(2) of CAA 1990. It requires certain affected qualifying expenditure to be put in a class pool (“the overseas leasing pool”).
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Subsection (2) takes a simpler approach to special leasing than section 42(2)(e) of CAA 1990. It leaves expenditure on plant or machinery for special leasing to be dealt with like expenditure on plant or machinery for other qualifying activities. See Note 22 in Annex 2.