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Part 5 Mineral extraction allowances

Chapter 1 Introduction

396 Meaning of “mineral exploration and access”

1

In this Part “mineral exploration and access” means—

a

searching for or discovering and testing the mineral deposits of a source, or

b

winning access to such deposits.

2

Expenditure on seeking planning permission necessary to enable—

a

mineral exploration and access to be undertaken at any place, or

b

any mineral deposits to be worked,

is treated as expenditure on mineral exploration and access F1and not as expenditure on acquiring a mineral asset.

3

Seeking planning permission” includes pursuing an appeal against a refusal to grant planning permission.