Mineral extraction allowances
Anti-avoidance provisions
Availability
Balancing allowances
Balancing allowances and charges
Amount of
Buildings for benefit of employees abroad ceasing to be used
Ceasing to work mineral deposits
Determination of entitlement or liability
Discontinuance of trade
Disentitlement of allowance, anti-avoidance provision
Disposal of asset etc.
Generally
Giving up exploration, search or inquiry
Pre-trading expenditure
Balancing charges
Calculation of allowances and charges
Any other event
Balancing allowances
Balancing charges
Buildings ceasing to be used
Ceasing to work mineral deposits
Demolition costs
Disposal receipts partly attributable to land
First-year allowances, ring-fence trades
General principles
Generally
Giving up exploration, search or inquiry
Loss/demolition or destruction of asset
Permanent discontinuance of trade
Sale of asset
Sales of asset at less than market value
Total of disposal receipts
Unrelieved qualifying expenditure
Writing-down allowances
Capital gains tax interaction
Connected persons, transactions between
Contribution allowances
Contributions allowances
Contributions to capital expenditure
Deductions disallowed
Demolition costs
Development, meaning
Disposal values
Disposal of/ceasing to use asset
Disposal receipt, meaning
Receipt of capital sum
Restriction in case of interest in land
Use of asset otherwise than for permitted development
Excluded expenditure
Finance lease, lump sums
Foreign branch exemption
Generally
Giving effect to allowances and charges
Legislation
Mineral asset, meaning
Mineral exploration and access, meaning
Mineral extraction trade
Expenditure incurred
Generally
Meaning
Pre-trading expenditure on exploration and access
Mineral extraction trade, meaning
Oil licences
Consideration to be treated as nil
Disposal with exploitation value
Interest in an oil licence, meaning
Licensed area, meaning
Meaning
Oil, meaning
Overseas
Relevant authority, meaning
Undeveloped areas
Plant and machinery allowances
Qualifying expenditure
Acquiring a mineral asset
Assets formerly owned by non-traders
Assets limited by reference to historic costs
Assets reflecting expenditure on mineral exploration and access
Buildings etc. for the benefit of employees abroad
Buildings or structures ceased to be used
Buildings or works for the benefit of employees abroad
Contribution to buildings or works for benefit of employees abroad
Exclusions
Generally
Intra-group transfers
Limit to previous trader's residue
Mineral exploration and access
Non-ring fence trades, restoration within 3 years of ceasing to trade
Oil licence, acquisition
Plant and machinery
Pre-trading expenditure
Pre-trading expenditure, plant and machinery
Pre-trading exploration expenditure
Premiums, prevention of double deduction
Reduction where premium relief previously allowed
Relationships between main types
Restoration of land
Ring fence trades
Second-hand assets
Transfers of mineral assets within group
UK oil licences
Undeveloped market value
Undeveloped market value of land, exclusion
Unrelieved
Works likely to become valueless
Ring fence trades
Connected persosn supplying site restoration services
Generally
Notional accounting period
Other participators in oil field, allowance where site restoration undertaken for
Restriction on allowance available
Site restoration expenditure
Ring-fence trades
First year allowance
Restoration of land
Sales being for an alternative amount
Sales treated as being for alternative amount
Shares in assets
Subsidies
Successions
Tenant under taxed lease
Terminal trade loss relief, carry-back of balancing allowances
Time when expenditure incurred
Transactions between connected persons
Writing-down allowances
Amount of
Determination of entitlement or liability
Generally