Section 398 Relationship between main types of qualifying expenditure
United Kingdom
Subject to F1section 396(2) and 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.
Annotations
Textual amendments
- F1
Words in s. 398 inserted (with effect in accordance with s. 68(4) of the amending Act) by Finance Act 2014 (c. 26), s. 68(3)