{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-356HB",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-356HB.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/356HB",
  "kind": "section",
  "number": "356HB",
  "heading": "Acquisition of allowance if equity acquired",
  "text": "(1) A transferee is treated as generating at the site concerned, at the beginning of the reference period or accounting period of the transferee that begins with, or because of, the disposal, onshore allowance of the amount given by subsection (2).\n(2) The amount is—\nR × E3 E1 − E2where—\nR is the amount determined for the purposes of the deduction under section 356HA(1);\nE3 is the share of equity in the licensed area that the transferee has acquired from the transferor;\nE1 and E2 are the same as in section 356HA.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8 Ch. 8 inserted (with effect in accordance with Sch. 15 paras. 6(1), 9(2) of the amending Act) by Finance Act 2014 (c. 26), Sch. 15 para. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/356HB",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}