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Changes over time for: Section 93


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 01/04/2008.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax Act 2007, Section 93.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
93Mineral extraction trade and carry back of balancing allowancesU.K.
This section has no associated Explanatory Notes
(1)This section applies if—
(a)a person permanently ceases to carry on a mineral extraction trade, and
(b)the person makes a claim for terminal trade loss relief and a claim in respect of a balancing allowance under section 355 of CAA 2001.
(2)Terminal trade loss relief must be given before relief under section 355 of CAA 2001.
(3)In giving effect to the terminal trade loss relief, the balancing allowance is to be ignored.
(4)“” has the same meaning as in Part 5 of CAA 2001 (see section 394 of that Act).
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