Part 2 Plant and machinery allowances
Chapter 9 Short-life assets
83 Meaning of “short-life asset”
Plant or machinery in respect of which qualifying expenditure has been incurred is a short-life asset if—
(a)
its treatment as a short-life asset is not ruled out by section 84, and
(b)
the person incurring the expenditure elects for the plant or machinery to be treated as a short-life asset.