OT26036 - Capital Allowances: Research and Development Allowances: Geographical Scope of Research and Development Allowances
»Ê¹ÚÌåÓýapp decision which gave rise to the RDA practice discussed in this section (& previously SRA) was concerned with exploration onshore in the UK. »Ê¹ÚÌåÓýapp 1967 joint memorandum was agreed in the context of exploration in the North Sea.
HMRC accept that exploration outside the UK can qualify for RDA where there is not a well developed understanding of the geology concerned.