93Mineral extraction trade and carry back of balancing allowancesU.K.
This section has no associated Explanatory Notes
(1)This section applies if—
(a)a person permanently ceases to carry on a mineral extraction trade, and
(b)the person makes a claim for terminal trade loss relief and a claim in respect of a balancing allowance under section 355 of CAA 2001.
(2)Terminal trade loss relief must be given before relief under section 355 of CAA 2001.
(3)In giving effect to the terminal trade loss relief, the balancing allowance is to be ignored.
(4)“Mineral extraction trade” has the same meaning as in Part 5 of CAA 2001 (see section 394 of that Act).