Introduction Summary
1.Section 92 inserts new sections 416ZA and 416ZB into Capital Allowances Act (CAA) 2001. Section 416ZA provides relief under the Mineral Extraction Allowances code for expenditure on site restoration incurred by a person who is or has been carrying on a ring fence trade. The section also provides that any resulting loss can access the extended period for which loss relief may be given for ring fence trades and the extended period within which a claim can be made.