# Capital Allowances Act 2001, Paragraph 25: Pre-trading expenditure on mineral exploration and access


Section 161 does not apply if—
(a) the person incurred the pre-trading expenditure before 1st April 1986; and
(b) before the first day of trading, the mineral exploration and access at the source in question had ceased.

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Source: https://www.legislation.gov.uk/ukpga/2001/2/schedule/3/paragraph/25 (the official version)
Page: https://openlegislation.uk/capital-allowances-act-2001/schedule-3/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.