Short life asset: Difference between revisions
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''UK | ''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. | ||
Revision as of 13:19, 31 August 2016
UK tax.
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.
