Dredging allowances are available to a person who carries on a qualifying trade and incurs qualifying expenditure on dredging. This article considers the definitions of 'qualifying trade' and 'qualifying expenditure'.
Qualifying trade
'Qualifying trade' means a trade or undertaking all or part of which1:
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(a)ÌýÌýÌýÌý consists of the maintenance or improvement of the navigation of a harbour, estuary or waterway, or
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(b)ÌýÌýÌýÌý is of a kind listed in CAA 2001, s 274
CAA 2001, s 274 was part of the industrial buildings code. Despite the abolition of that code in 2011, that section continues in force for the purposes of dredging allowances2. The following trades fall within s 274:3:
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(i)ÌýÌýÌýÌý a trade consisting of manufacturing goods or materials
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(ii)ÌýÌýÌýÌý a trade consisting of subjecting goods or materials to a process (including maintaining or repairing goods or materials
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(iii)ÌýÌýÌýÌý a trade consisting of storing goods or materials:
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•ÌýÌýÌýÌý to be used in the manufacture of other goods or materials, or
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Web page updated on 17 Mar 2025 16:32