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Contents

Legislation
Capital Allowances Act 2001

Chapter 1 Introduction

  • Section 394 Mineral extraction allowances
  • Section 395 Qualifying expenditure
  • Section 396 Meaning of “mineral exploration and access”
  • Section 397 Meaning of “mineral asset”
  • Section 398 Relationship between main types of qualifying expenditure
  • Section 399 Expenditure excluded from being qualifying expenditure
  1. Chapter 1 · Introduction
  2. Relationship between main types of qualifying expenditure

Section 398 | Relationship between main types of qualifying expenditure

From legislation.gov.uk

Subject to section 396(2) and Chapter 4, expenditure on—F1

(a)the acquisition of, or of rights over, the site of a source of mineral deposits, or

(b)the acquisition of, or of rights over, mineral deposits,

is to be treated as expenditure on acquiring a mineral asset and not as expenditure on mineral exploration and access.

Notes

  1. F1

    Words in s. 398 inserted (with effect in accordance with s. 68(4) of the amending Act) by Finance Act 2014 (c. 26), s. 68(3)

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