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)Subject to subsection (3), expenditure is qualifying expenditure if—
(a)it is incurred by a person carrying on a mineral extraction trade outside the United Kingdom and for the purposes of that trade,
(b)it is a contribution consisting of a capital sum to the cost of buildings or works to which this section applies, and
(c)the buildings or works are likely to be of little or no value, when the source is no longer worked, to the last person working the source.
(2)The buildings or works to which this section applies are—
(a)buildings to be occupied by persons employed at or in connection with the working of a source outside the United Kingdom;
(b)works for the supply of water, gas or electricity wholly or mainly to buildings occupied or to be occupied by persons so employed;
(c)works to be used to provide other services or facilities wholly or mainly for the welfare of persons so employed or their dependants.
(3)Expenditure is not qualifying expenditure if the person making the contribution—
(a)acquires an asset as a result of the expenditure, or
(b)is entitled to an allowance for the expenditure under any other provision of the Tax Acts.