»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp main guidance on Mineral Extraction Allowance (MEA) is held in the Capital Allowances Manual at CA50000 onward. »Ê¹ÚÌåÓýapp guidance in the Oil Taxation Manual on MEA adds to that guidance on issues particularly relevant to the oil and gas sector.

Allowances are available if a person carries on a mineral extraction trade and incurs qualifying expenditure for the purposes of that trade. In this chapter references to trade, trader, trading etc are to a trader resident in the United Kingdom carrying on a mineral extraction trade.