Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Capital Allowances Act 2001 section 407
Acquisition of mineral asset owned by previous trader
Section 407 deals with how a buyer's expenditure on acquiring a mineral asset is split between mineral exploration and access expenditure and asset acquisition expenditure, where the asset was previously owned by another mineral extraction trader.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.