161 Pre-trading expenditure on mineral exploration and access
Capital Allowances Act 2001 (2001 c 2) | Legislation

161  Pre-trading expenditure on mineral exploration and access

(1)     This section applies if a person—

(a)     incurs pre-trading expenditure on the provision of plant or machinery for the purposes of mineral exploration and access, and

(b)     owns the plant or machinery on the first day of trading.

But this is subject to subsection (5).

(2)     The person is to be treated for the purposes of this Part as if he had—

(a)

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