Part 2

Plant and machinery allowances
Chapter 13

Provisions affecting mining and oil industries

Expenditure connected with mineral extraction trades

Expenditure treated as incurred for purposes of mineral extraction trade
160
For the purposes of this Part, expenditure incurred by a person—
a
on the provision of plant or machinery for mineral exploration and access, and
b
in connection with a mineral extraction trade carried on by him,
is to be treated as incurred for the purposes of that trade.