Part 5 Mineral extraction allowances
Chapter 5 Other kinds of qualifying expenditure
415 Contribution to buildings or works for benefit of employees abroad
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.