Whether the taxpayers are entitled to capital allowances in respect of the expenditure incurred on the introduction of water into salt bearing rock so as to dissolve the rock and create an impervious cavity, typically in the shape of a teardrop (‘leaching’), and the displacement of the resulting brine by the introduction of gas (‘de-brining’) so as to permit the storage of gas in the cavity.
Judges:
Lord Justice Lewison
Lord Justice Baker
And
Lady Justice Whipple
Citations:
[2022] EWCA Civ 305
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 06 April 2022; Ref: scu.674503