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Section 92: Expenditure on site restoration

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

Part 2: Oil

Part 5 of CAA 2001 (mineral extraction allowances) is amended as follows.

In section 395 (qualifying expenditure), in subsection (1)(d), omit "post-trading".

In section 403 (qualifying expenditure on acquiring a mineral asset), after subsection (2) insert—

In section 416 (expenditure on restoration within 3 years of ceasing to trade)—

in subsections (1)(a) and (6)(a), before "mineral extraction trade" insert ;" relevant "
in subsection (5), at the end insert—But it does not include decommissioning any plant or machinery (within the meaning of section 163).;
after subsection (7) insert—7ARelevant mineral extraction trade" means a mineral extraction trade that is not a ring fence trade within the meaning of Part 8 of CTA 2010 (see section 277 of that Act).;
the heading of section 416 becomes ." Non-ring fence trades: expenditure on restoration within 3 years of ceasing to trade "

In Chapter 5, after section 416 insert—

In section 416B (first-year qualifying expenditure), in subsection (2), at the end insert ." (within the meaning of section 403) "

Part 4 of CTA 2010 (loss relief) is amended as follows.

In section 40 (ring fence trades: extension of periods for which relief may be given), in subsection (1)(b), for "403" substitute ." by virtue of section 416ZA "

In section 43 (claim period in case of ring fence or mineral extraction trades), in subsection (1)(b)—

after "416" insert , and" or 416ZA "
for the words from "restoration" to "trade" substitute ." site restoration "

The amendments made by this section have effect in relation to expenditure incurred on restoration carried out on or after the day on which this Act is passed.

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