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Short-life assets

A short-life asset is an asset with a predicted useful life of less than eight years.

Certain assets are excluded from short-life asset treatment. These include cars and assets with partial non-business use. Expenditure within the special rate pool (integral features and long-life assets, see the Special rate pool and long life assets guidance note) is also excluded.

If a business acquires an asset and does not expect it to last for more than eight years, the business can make an election to depool that asset. The effect of the election is that the asset is thereafter dealt with separately for tax purposes, ie the asset does not enter the general pool but instead requires its own separate