Commentary

B2.605 Opencast mining and quarrying

Business tax
Business tax | Commentary

B2.605 Opencast mining and quarrying

Business tax | Commentary

B2.605 Opencast mining and quarrying

The position has been held to be similar in cases where sums have been paid for the obtaining of coal by opencast mining. In Calder Grove Estates1, the respondents, a partnership, carried on the business of opencast coal mining, and purchased the freehold interest in 10 acres of land. The conveyance included a covenant requiring the respondents to reinstate the land, and requiring the vendor to repurchase the freehold interest after the mining operations had been completed. The respondents contended that the cost to them of purchasing the freehold was a deductible expense, and that

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial