Capital Allowances Act 2001 (c. 2)

Part 5 Mineral extraction allowances

Chapter 6 Allowances and charges

Cases in which a person is entitled to a balancing allowance

429 Buildings etc. for benefit of employees abroad ceasing to be used

A person’s entitlement to an allowance for a chargeable period is to a balancing allowance if—

(a) the expenditure is qualifying expenditure under section 415 (contributions to buildings or works for benefit of employees abroad), and

(b) in that chargeable period the buildings or works permanently cease to be used for the purposes of or in connection with the mineral extraction trade.