Modifications etc. (not altering text)
C1 S. 45H(2) modified (with effect in accordance with s. 167 of the amending Act) by Finance Act 2003 (c. 14) , Sch. 30 para. 7
(1)Allowances are available under this Part if a person carries on a mineral extraction trade and incurs qualifying expenditure.
(2)In this Part “mineral extraction trade” means a trade which consists of, or includes, the working of a source of mineral deposits.
(3)In this Part “mineral deposits” includes any natural deposits capable of being lifted or extracted from the earth, and for this purpose geothermal energy is to be treated as a natural deposit.
(4)Any reference in this Part to mineral deposits is to mineral deposits of a wasting nature.
(5)In this Part “source of mineral deposits” includes a mine, an oil well and a source of geothermal energy.