Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.
- AI tax research with linked legislation and Finance Act changes
- Commentary, official guidance, publications and training material
- Case law, appeals and tribunal decisions in one place
Taxes Consolidation Act 1997 section 692
Development expenditure: allowances and charges
Section 692 provides a 100% writing-down allowance for capital expenditure on assets representing development expenditure incurred in connection with a petroleum trade, and sets out the conditions and restrictions that apply to this allowance.
Access full legislation.And much more.
By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.