»Ê¹ÚÌåÓýapp

On a farm in or an earn in, any reimbursement of exploration or appraisal expenditure incurred before the date of the farm in agreement is outside the scope of TCGA92\S194(2)(b).

»Ê¹ÚÌåÓýapp reimbursement should therefore be treated as cash consideration for the licence interest acquired.