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Section 81: Meaning of "decommissioning expenditure"

Finance Act 2013 · 2013 c. 29View on legislation.gov.uk

Part 2: Oil

In section 80 "decommissioning expenditure" means expenditure incurred in connection with—

demolishing any plant or machinery,
preserving any plant or machinery pending its reuse or demolition,
preparing any plant or machinery for reuse,
arranging for the reuse of any plant or machinery, or
the restoration of any land.

It is immaterial for the purposes of subsection (1)(b) whether the plant or machinery is reused, is demolished or is partly reused and partly demolished.

It is immaterial for the purposes of subsection (1)(c) and (d) whether the plant or machinery is in fact reused.

In subsection (1)(e) "restoration" includes landscaping.

The Treasury may by order amend this section.

An order under subsection (5) may include transitional provision and savings.

The power to make an order under subsection (5) is exercisable by statutory instrument.

A statutory instrument containing an order under subsection (5) is subject to annulment in pursuance of a resolution of the House of Commons.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.