{
  "url": "https://openlegislation.uk/finance-act-1980/schedule-17/paragraph-19",
  "json_url": "https://openlegislation.uk/finance-act-1980/schedule-17/paragraph-19.json",
  "legislation": "ukpga/1980/48",
  "legislation_title": "Finance Act 1980",
  "legislation_url": "https://openlegislation.uk/finance-act-1980",
  "path": "schedule/17/paragraph/19",
  "kind": "paragraph",
  "number": "19",
  "heading": null,
  "text": "(1) Neither paragraph 4 of Schedule 4 nor section 7 of the Oil Taxation Act 1983 shall apply to the disposal of an asset used in connection with an oil field if the disposal is by the old participator (or a person connected with him) to the new participator (or a person connected with him) and the disposal is in pursuance of the transfer by the old participator to the new participator of an interest in the field.\n(2) Section 839 of the Taxes Act 1988 (connected persons) shall apply for the purposes of this paragraph.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Oil Taxation Act 1983 (c. 56), Sch. 2 para. 6."
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Oil Taxation Act 1983 (c. 56), Sch. 2 para. 6."
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), Sch. 29 para. 32"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1980/48/schedule/17/paragraph/19",
    "retrieved_at": "2026-10-29T10:15:13.396678+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."
}