# Finance Act 2014, Section 68: Mineral extraction allowances: expenditure on planning permission


(1) Part 5 of CAA 2001 (mineral extraction allowances) is amended as follows.
(2) 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 ”.
(3) In section 398 (relationship between main types of qualifying expenditure), after “Subject to” insert “ section 396(2) and ”.
(4) The amendments made by this section have effect in relation to expenditure incurred on or after the day on which this Act is passed.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/68 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.