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Part II Transfer of Old Participator’s Expenditure Relief, Losses and Exemptions

  1. Unused expenditure relief
  2. Unused losses
  3. Accumulated capital expenditure
  4. Excluded oil
  5. Successive transfers

Notes on Schedule 17

Modifications

C1

Definitions applied for purposes of Capital Allowances Act 1990 (c. 1, SIF 63:1), s. 64—transfers of interests in oil fields.

Sch. 17 applied (27.7.1999) by 1999 c. 16, s. 97(3)

C2

See also Finance Act 1981 (c. 35), s. 112 for application of s. 111 of that Act (restriction of expenditure supplement) and Oil Taxation Act 1975 (c. 22), s. 9 (limit on amount of tax payable) in case of a transfer.