Related Commentary  

416ZA(1)  If–

(a)a person who is carrying on, or has ceased to carry on, a ring fence trade incurs expenditure on the restoration of a relevant site,

(b)that part of the restoration work to which the expenditure relates has been carried out, and

(c)the expenditure has not been deducted in calculating for tax purposes the profits of any trade carried on by the person,

the net cost of the restoration is qualifying expenditure for the relevant period in which that part of the work to which the expenditure relates was carried out.

416ZA(2)  “Relevant period” means–

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