(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.