[F1161B Meaning of “decommissioning expenditure”U.K.
This section has no associated Explanatory Notes
(1) In sections 161C and 161D “ decommissioning expenditure ” means expenditure in connection with—
(a)preserving plant or machinery pending its reuse or demolition,
(b)preparing plant or machinery for reuse, or
(c)arranging for the reuse of plant or machinery.
(2)It is immaterial for the purposes of subsection (1)(a) whether the plant or machinery is reused, is demolished or is partly reused and partly demolished.
(3)It is immaterial for the purposes of subsection (1)(b) and (c) whether the plant or machinery is in fact reused.]
Textual Amendments
F1Ss. 161A-161D and crossheading inserted (with effect as mentioned in Sch. 20 para. 9(1)-(4)(8) of the amending Act) by Finance Act 2001 (c. 9), s. 68, Sch. 20 para. 5(1)