12 Short-life assets
Finance Act 2011 (2011 c 11) | Legislation

12  Short-life assets

(1)     Part 2 of CAA 2001 (plant and machinery allowances) is amended as follows.

(2)     In section 86 (short-life asset pool)—

(a)     in subsection (2), for “four-year” (in each place) substitute “relevant”,

(b)     for subsection (3) substitute—

“(3)     In this Chapter “the relevant cut-off” means—

(a)     if any of the qualifying expenditure incurred on the provision of the short-life asset

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