(1) For the purposes of this section qualifying profits, in relation to a qualifying asset, shall be the amount determined by the formula -
where -
QE is the qualifying expenditure on the qualifying asset,
UE is the uplift expenditure,
OE is the overall expenditure on the qualifying asset, and
QA is the profit of the specified trade relevant to the qualifying asset before taking account of any allowance available under subsection (5).
(a) Where qualifying profits in respect of a qualifying asset arise in the course of a specified trade, then a relevant company may make a claim in respect of that qualifying asset under this section, in the return required to be filed pursuant to section 959I.
(b) Subject to section 769P, any claim under this section shall be made once in respect of each qualifying asset and shall be made within 24 months from the end of the accounting period to which the claim relates.
(c) Where under this section a claim is made to include the overall income from
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