CA80300 - Dredging: Qualifying trades

CAA01/S484 (2)

The definition of qualifying trade for dredging is wider than the definition of qualifying trade for IBA. For dredging, a qualifying trade is a trade or undertaking all or part of which satisfies one of these conditions:

1. the trade consists of the maintenance or improvement of the navigation of a harbour, estuary or waterway;
2. the trade is a qualifying trade for IBA CA32200.

You may have a case where part of a trade satisfies the conditions for being a qualifying trade and part does not. In a case where expenditure is incurred partly for the purposes of a qualifying trade and partly for other purposes you need to apportion the expenditure. Treat the part of the trade that satisfies the conditions for being a qualifying trade as a separate trade for the purposes of making the apportionment CA80500.