Assets for which deductions are claimed under the UCA

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End of attention

For certain depreciating assets, deductions must be claimed under the UCA rather than under the STS rules:

• assets that are leased out, or are expected to be leased out, for more than 50% of the time on a depreciating asset lease-this does not apply to depreciating assets subject to hire purchase agreements, or short-term hire agreements on an hourly, daily, weekly or monthly basis: depreciating assets used in rental properties are generally excluded from the STS capital allowance rules on the basis that they are subject to a depreciating asset lease
• assets allocated to a low-value or a common-rate pool before entering the STS: those assets must remain in the pool and deductions must be claimed under the UCA rules
• horticultural plants (including grapevines)
• in-house software where the development expenditure is allocated to a software development pool see Software development pools.