Related Commentary  Related HMRC Manuals

415(1)  Subject to subsection (3), expenditure is qualifying expenditure if–

(a)it is incurred by a person carrying on a mineral extraction trade outside the United Kingdom and for the purposes of that trade,

(b)it is a contribution consisting of a capital sum to the cost of buildings or works to which this section applies, and

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

415(2)  The buildings or works to which this section applies are–

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