Part 2 Plant and machinery allowances
Chapter 13 Provisions affecting mining and oil industries
F1 Expenditure connected with reuse etc. of offshore oil infrastructure
161B Meaning of “decommissioning expenditure”
(1)
In sections 161C and 161D “ decommissioning expenditure ” means expenditure in connection with—
(a)
preserving plant or machinery pending its reuse or demolition,
(b)
preparing plant or machinery for reuse, or
(c)
arranging for the reuse of plant or machinery.
(2)
It is immaterial for the purposes of subsection (1)(a) whether the plant or machinery is reused, is demolished or is partly reused and partly demolished.
(3)
It is immaterial for the purposes of subsection (1)(b) and (c) whether the plant or machinery is in fact reused.