Section 330C — Corporation Tax Act 2010: Meaning of “decommissioning expenditure”

Meaning of “decommissioning expenditure” 330C 1 In sections 330A and 330B “ decommissioning expenditure ” means expenditure incurred in connection with—

a demolishing any plant or machinery, b preserving any plant or machinery pending its reuse or demolition, c preparing any plant or machinery for reuse, d arranging for the reuse of any plant or machinery, or e the restoration of any land.

2 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.

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

4 In subsection (1)(e) “ restoration ” includes landscaping.

5 The Treasury may by order amend this section.

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