General pool

Tax.

The general UK capital allowances pool for qualifying capital expenditure which is not dealt with by any special rules (such as short life asset elections).

Assets in the general pool qualify for normal plant and machinery allowances, without any special rules being applied.

The general pool is also sometimes known as the main pool.

See also

• Balancing charges
• Capital allowances
• Plant and machinery allowances
• Qualifying expenditure
• Writing down allowance
• Short life asset