95 Railway assets
Capital Allowances Act 2001 (2001 c 2) | Legislation

95  Railway assets

(1)     Expenditure is not long-life asset expenditure if it is incurred before 1st January 2011 on the provision of a railway asset used by any person wholly and exclusively for the purposes of a railway business.

(2)     “Railway asset” means—

(a)     a locomotive, tram or other vehicle, or a carriage, wagon or other rolling stock designed or adapted for use on a railway;

(b)     anything which is, or is to be, comprised in any railway station, railway track or light maintenance depot or any

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