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 410
UK oil licence: limit is original licence payment
Section 410 caps the amount of qualifying expenditure when a mineral extraction trader acquires a UK oil licence or an interest in one, limiting it to the amount originally paid for the licence.
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.