Part 8

Oil activities
CHAPTER 6A

Supplementary charge: investment allowance

Interpretation

When expenditure is incurred
332K
1
Section 5 of
CAA
2001 (when capital expenditure is incurred) applies for the purposes of this Chapter as for the purposes of that Act.
2
Regulations under section 332BA(1)(b) may make provision about when any expenditure that is investment expenditure as a result of the regulations is to be treated for the purposes of this Chapter as incurred.
3
This section is subject to section 332CA(3).
Pt. 8 Ch. 6A inserted (with effect in accordance with Sch. 12 para. 5 7 8 of the amending Act) by Finance Act 2015 (c. 11), Sch. 12 para. 2
Pt. 8 Ch. 6A restricted (26.3.2015) by Finance Act 2015 (c. 11), Sch. 13 para. 6(2)