Capital Allowances Act 2001 section 107

The overseas leasing pool

Section 107 requires certain qualifying expenditure on plant or machinery used for overseas leasing to be allocated to a specific class pool known as the "overseas leasing pool."

• Qualifying expenditure on plant or machinery acquired for leasing that is used for non-protected overseas leasing during the designated period must be placed in the overseas leasing pool.
• The overseas leasing pool is a class pool, meaning it groups together all such expenditure rather than tracking individual assets separately.
• Expenditure that qualifies as long-life asset expenditure is excluded from the overseas leasing pool and is dealt with under separate rules.
• Expenditure that is required to be allocated to a single asset pool is also excluded from the overseas leasing pool.