Explanatory Notes

Capital Allowances Act 2001

2001 CHAPTER 2

22nd March 2001

Commentary on Sections

Glossary

Part 2: Plant and machinery allowances

Chapter 10: Long-life assets

Section 90: Long-life asset expenditure

408. This section is based on section 38A(1) of CAA 1990. It defines “long-life asset expenditure”.