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Part 5 Mineral extraction allowances

Chapter 1 Introduction

398 Relationship between main types of qualifying expenditure

Subject to Chapter 4, expenditure on—

a

the acquisition of, or of rights over, the site of a source of mineral deposits, or

b

the acquisition of, or of rights over, mineral deposits,

is to be treated as expenditure on acquiring a mineral asset and not as expenditure on mineral exploration and access.