Part 9

Dredging allowances

Qualifying expenditure on dredging, etc.

Dredging allowances
484
1
Allowances are available under this Part if a person carries on a qualifying trade and qualifying expenditure has been incurred on dredging.
2
In this Part “qualifying trade” means a trade or undertaking the whole or part of which—
a
consists of the maintenance or improvement of the navigation of a harbour, estuary or waterway, or
b
is of a kind listed in Table A or B in section 274 (meaning of qualifying trade for purposes of industrial buildings allowances).
3
“Dredging” does not include anything done otherwise than in the interests of navigation.
4
Subject to subsection (3), “dredging” includes—
a
the removal of anything forming part of, or projecting from the bed of, the sea or any inland water—
i
by whatever means it is removed, and
ii
even if, at the time of removal, it is wholly or partly above water, and
b
the widening of an inland waterway.