1005.This section applies where a guarantor makes payments into a fund and the assets of the fund are subsequently used to cover decommissioning costs. It is based on section 62(4) of FA 1991.
1006.The corresponding rule for income tax is section 225P of ITTOIA (inserted by Schedule 1 to TIOPA).
1007.In such a case the rules for relief under section 292 or 293 apply to the expenditure when it is eventually met out of the assets of the fund.