Capital Allowances Act 2001 section 11

General conditions as to availability of plant and machinery allowances

Section 11 sets out the basic conditions that must be met before a person can claim plant and machinery capital allowances.

• Allowances are available where a person carries on a qualifying activity and incurs qualifying expenditure on plant or machinery.
• Qualifying expenditure must be capital in nature, spent on providing plant or machinery wholly or partly for the purposes of the qualifying activity.
• The person claiming the allowance must own the plant or machinery as a result of incurring the expenditure.
• Allowances must be calculated separately for each qualifying activity a person carries on, and other provisions of the Act may modify or restrict the general rules.