Related Commentary  Related HMRC Manuals

414(1)  Expenditure is qualifying expenditure if–

(a)it is capital expenditure on constructing works in connection with the working of a source of mineral deposits,

(b)it is incurred for the purposes of a mineral extraction trade, and

(c)the works–

(i)are likely to be of little or no value, when the source is no longer worked, to the last person working the source, or

(ii)if the source is worked under a foreign concession, are likely to become valueless, when the concession ends, to the last person working the source under the concession.

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