http://www.legislation.gov.uk/ukpga/2001/2/section/45UCapital Allowances Act 2001An Act to restate, with minor changes, certain enactments relating to capital allowances.2001-04-05texttext/xmlenStatute Law Database2026-05-01Expert Participation2026-05-01
Capital Allowances Act 2001s. 774E(5)(b)Finance Act 2008Sch. 20 para. 12(11)Capital Allowances Act 2001s. 29(1A)The Fire and Rescue Services (Northern Ireland) Order 2006Sch. 3 para. 24(b)art. 1(3)art. 2
Part 2 Plant and machinery allowancesChapter 4 First-year qualifying expenditure Types of expenditure which may qualify for first-year allowances<Addition ChangeId="key-1e8e43742ee3ad9dcf26e18f5a5b6246-1776264076002" CommentaryRef="key-1e8e43742ee3ad9dcf26e18f5a5b6246">Expenditure on plant or machinery in cases not falling with section 45S etc</Addition>45UExpenditure is first-year qualifying expenditure if—ait is incurred on or after 1 January 2026,bit is not special rate expenditure,cit is expenditure on plant or machinery which is unused and not second-hand, anddit is not excluded by section 45V (exclusion of expenditure under disqualifying arrangements) or 46 (general exclusions).Pt. 2 modified (24.2.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 10 para. 12 (with Sch. 10 para. 17(1)); S.I. 2003/120, art. 2, Sch. (with arts. 3 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)
S. 45H(2)
modified (with effect in accordance with s. 167 of the amending Act) by
Finance Act 2003 (c. 14)
,
Sch. 30 para. 7
Pt. 2
restricted (5.10.2004) by
Energy Act 2004 (c. 20)
,
s. 198(2)
,
Sch. 4 para. 4
;
S.I. 2004/2575
,
art. 2(1)
,
Sch. 1
Pt. 2 modified (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 9(2), 21(2) (with s. 38(2)); S.I. 2004/2575, art. 2(1) , Sch. 1
Pt. 2 restricted (5.10.2004) by Energy Act 2004 (c. 20) , s. 198(2) , Sch. 9 paras. 10, 22 (with s. 38(2) ); S.I. 2004/2575 , art. 2(1) , Sch. 1 Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 19Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 para. 35Pt. 2 modified (22.7.2008) by Crossrail Act 2008 (c. 18), Sch. 13 paras. 36, 37Pt. 2 modified (21.7.2009) by Finance Act 2009 (c. 10), s. 24Pt. 2 modified (17.7.2013) by Finance Act 2013 (c. 29), s. 73(7)-(11) (with s. 73(6))Pt. 2 modified (10.6.2021) by Finance Act 2021 (c. 26), s. 9(1)(a)Ss. 45U, 45V inserted (18.3.2026) by Finance Act 2026 (c. 11), s. 29(3)