Part 5

Mineral extraction allowances
Chapter 6

Allowances and charges

Cases in which a person is entitled to a balancing allowance

Buildings etc. for benefit of employees abroad ceasing to be used
429
A person’s entitlement to an allowance for a chargeable period is to a balancing allowance if—
a
the expenditure is qualifying expenditure under section 415 (contributions to buildings or works for benefit of employees abroad), and
b
in that chargeable period the buildings or works permanently cease to be used for the purposes of or in connection with the mineral extraction trade.