[Part 1 Introductory]
Income and Corporation Taxes Act 1988 (1988 c 1) | Legislation

[SCHEDULE 19B Petroleum Extraction Activities: Exploration Expenditure Supplement]

[Section 496A]

[Part 1 Introductory]

[About this Schedule

1

(1)     This Schedule entitles a company carrying on a ring fence trade, on making a claim in respect of an accounting period ending on or after 1st January 2004 [but before 1st January 2006], to a supplement (initially of 6%, but variable by Treasury order) in respect of—

(a)     qualifying capital expenditure incurred before the trade is set up and commenced,

(b)

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