Capital Allowances Act 2001

398 Relationship between main types of qualifying expenditureU.K.

This section has no associated Explanatory Notes

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.