106 The designated period
Capital Allowances Act 2001 (2001 c 2) | Legislation

106  The designated period

(1)     Subject to subsection (2), the designated period, in relation to expenditure incurred by a person on the provision of plant or machinery, is the period of 10 years beginning with the date on which he first brought the plant or machinery into use.

(2)     If the person who incurred the expenditure ceases to own the plant or machinery before the end of the 10 year

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