Schedules
Schedule 3 Transitionals and savings
Part 4 Plant and machinery allowances
Mining and oil industries
25 Pre-trading expenditure on mineral exploration and access
Section 161 does not apply if—
a
the person incurred the pre-trading expenditure before 1st April 1986; and
b
before the first day of trading, the mineral exploration and access at the source in question had ceased.
26 Abandonment expenditure incurred before cessation of ring fence trade
Section 164 does not apply if the chargeable period in which the abandonment expenditure was incurred ended before 1st July 1991.
27 Abandonment expenditure incurred after cessation of ring fence trade
Section 165 does not apply if the abandonment expenditure was incurred before 1st July 1991.
28 Oil production sharing contracts
Sections 167 to 171 do not apply if —
a
the expenditure was incurred before 21st March 2000; or
b
the expenditure is treated as incurred by virtue of section 13 and the conditions mentioned in subsection (1) of that section were fulfilled before that date.