Short life asset - Revision history

imported>Doug Williamson: Add link.

2022-07-07T17:01:40Z

Add link.

← Older revision		Revision as of 17:01, 7 July 2022
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	* [[Capital allowances]]		* [[Capital allowances]]
	* [[General pool]]		* [[General pool]]
			* [[Life]]
	* [[Plant and machinery allowances]]		* [[Plant and machinery allowances]]
	* [[Qualifying expenditure]]		* [[Qualifying expenditure]]

2022-07-07T09:34:33Z

Add link.

← Older revision		Revision as of 09:34, 7 July 2022
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	* [[Plant and machinery allowances]]		* [[Plant and machinery allowances]]
	* [[Qualifying expenditure]]		* [[Qualifying expenditure]]
			* [[Short ]]
	* [[Writing down allowance]]		* [[Writing down allowance]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2022-03-04T08:18:22Z

Add quote - source - https://www.gov.uk/hmrc-internal-manuals/capital-allowances-manual/ca23620

← Older revision		Revision as of 08:18, 4 March 2022
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	''UK tax.''		''UK tax - capital allowances.''

			(SLA).

	For UK capital allowances purposes, taxpayers can elect for certain assets to be treated as 'short life' assets.		For UK capital allowances purposes, taxpayers can elect for certain assets to be treated as 'short life' assets.

	~~In this context,~~ a short life asset is ~~one which has an~~ expected ~~useful~~ life of ~~less than 8 years~~.
			:<span style="color:#4B0082">'''''Meaning of short life asset'''''</span>

			:"An asset is a short life asset (SLA) if the person who incurs qualifying expenditure on it elects to treat it as a SLA and it is not excluded from SLA treatment.

			:The actual or expected life of the asset is irrelevant in deciding whether or not it qualifies for SLA treatment.

			:All that matters is that an election is made and that it is not specifically excluded."

			:''HMRC Manual.''


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	* [[Capital allowances]]		* [[Capital allowances]]
	* [[General pool]]		* [[General pool]]
			* [[Plant and machinery allowances]]
	* [[Qualifying expenditure]]		* [[Qualifying expenditure]]
	* [[Writing down allowance]]		* [[Writing down allowance]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2016-08-31T13:19:53Z

Update header

← Older revision		Revision as of 13:19, 31 August 2016
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	''UK ~~Tax~~.''		''UK tax.''

	For UK capital allowances purposes, taxpayers can elect for certain assets to be treated as 'short life' assets.		For UK capital allowances purposes, taxpayers can elect for certain assets to be treated as 'short life' assets.

2016-03-03T12:01:07Z

Expand stub.

← Older revision		Revision as of 12:01, 3 March 2016
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	''UK Tax.''		''UK Tax.''

	An asset which has an expected useful life of less than 8 years.		For UK capital allowances purposes, taxpayers can elect for certain assets to be treated as 'short life' assets.

			In this context, a short life asset is one which has an expected useful life of less than 8 years.

2016-03-03T11:26:06Z

Expand links.

← Older revision		Revision as of 11:26, 3 March 2016
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	== See also ==		== See also ==
	* [[Assets]]		* [[Assets]]
			* [[Balancing charges]]
			* [[Capital allowances]]
			* [[General pool]]
			* [[Qualifying expenditure]]
			* [[Writing down allowance]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2013-08-20T10:58:38Z

Spacing and category added 20/8/13

← Older revision		Revision as of 10:58, 20 August 2013
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	''UK Tax.''		''UK Tax.''

	An asset which has an expected useful life of less than 8 years.		An asset which has an expected useful life of less than 8 years.


	== See also ==		== See also ==
	* [[Assets]]		* [[Assets]]


			[[Category:Accounting,_tax_and_regulation]]

2012-10-23T14:20:41Z

CSV import

New page

''UK Tax.''
An asset which has an expected useful life of less than 8 years.

== See also ==
* [[Assets]]