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Paragraph 301 Capital Allowances Act 2001

Original text. Later amendments are not shown.

(1)

Paragraph 91 of Schedule 3 (disposal of oil licences) is amended as follows.

(2)

In sub-paragraph (5)—

(a)

for “the Special Commissioners are” substitute “the tribunal is”; and

(b)

for “they” substitute “the tribunal”.

(3)

For sub-paragraph (6) substitute—

“(6)

An application for the tribunal to determine the question is to be subject to the relevant provisions of Part 5 of the Taxes Management Act 1970 (see, in particular, section 48(2)(b) of that Act), and each of the persons concerned is entitled to be a party to the proceedings on the application.”.