Part 5Mineral extraction allowances

Chapter 1Introduction

398Relationship 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.