Section 68 Mineral extraction allowances: expenditure on planning permission

Part 5 of CAA 2001 (mineral extraction allowances) is amended as follows.

In section 396 (meaning of “mineral exploration and access”), in subsection (2) for “if planning permission is not granted” substitute “ and not as expenditure on acquiring a mineral asset ”.

In section 398 (relationship between main types of qualifying expenditure), after “Subject to” insert “ section 396(2) and ”.

The amendments made by this section have effect in relation to expenditure incurred on or after the day on which this Act is passed.