{
  "url": "https://openlegislation.uk/capital-allowances-act-2001/section-400",
  "json_url": "https://openlegislation.uk/capital-allowances-act-2001/section-400.json",
  "legislation": "ukpga/2001/2",
  "legislation_title": "Capital Allowances Act 2001",
  "legislation_url": "https://openlegislation.uk/capital-allowances-act-2001",
  "path": "section/400",
  "kind": "section",
  "number": "400",
  "heading": "Qualifying expenditure on mineral exploration and access",
  "text": "(1) Expenditure on mineral exploration and access is qualifying expenditure if—\n(a) it is capital expenditure, and\n(b) it is incurred for the purposes of a mineral extraction trade.\n(2) Expenditure on mineral exploration and access incurred by a person in connection with a mineral extraction trade which that person carries on then or subsequently is to be treated as incurred for the purposes of that trade.\n(3) But pre-trading expenditure on mineral exploration and access is qualifying expenditure only to the extent provided by—\nsection 401 (pre-trading exploration expenditure), or\nsection 402 (pre-trading expenditure on plant or machinery).\n(4) Any pre-trading expenditure that is qualifying expenditure under either of those sections is to be treated as incurred on the first day of trading.\n(5) In this Chapter—\n(a) “pre-trading expenditure” means capital expenditure incurred before the day on which a person begins to carry on a mineral extraction trade, and\n(b) “the first day of trading”, in relation to a person’s pre-trading expenditure, means the day on which that person begins to carry on the mineral extraction trade.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2001/2/section/400",
    "retrieved_at": "2026-10-29T09:20:17.739129+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}