Part 5 Mineral extraction allowances
F1Chapter 5AFirst-year qualifying expenditure
Annotations:
Amendments (Textual)
General
416A First-year allowances available for certain types of qualifying expenditure
A first-year allowance is not available unless the qualifying expenditure is first-year qualifying expenditure under section 416B (expenditure incurred wholly for purposes of a ring fence trade).
Pt. 5 Ch. 5A inserted (with effect as mentioned in s. 63 of the amending Act) by Finance Act 2002 (c. 23), s. 63, Sch. 21 para. 9