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Home / Simons-Taxes /Business tax /Part B3 Capital allowances /Division B3.4 Mineral extraction /Capital allowances of mineral extraction trades / B3.401 Mineral extraction allowances—overview
Commentary

B3.401 Mineral extraction allowances—overview

Business tax

For updates affecting this Division please see Part B0 Updates

Capital allowances of mineral extraction trades

B3.401 Mineral extraction allowances—overview

Capital allowances are due to a person who carries on a mineral extraction trade and incurs qualifying expenditure1. All allowances and charges are given effect in calculating the profits of the mineral extraction trade,

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