Part 5

Mineral extraction allowances
Chapter 6

Allowances and charges

Disposal values

Receipt of capital sum
425
1
This section applies if a person—
a
has incurred qualifying expenditure, and
b
receives a capital sum which, in whole or in part, it is reasonable to attribute to that expenditure.
2
The person is required to bring into account as a disposal value for the chargeable period in which the capital sum is received so much of the capital sum as is reasonably attributable to the qualifying expenditure.
3
This section does not apply if the capital sum falls to be brought into account under section 421 or 422.