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Part III Other Rules

United Kingdom

  1. ...
  2. Royalty payments
  3. Payments on account and advance payments
  4. Losses of new participator
  5. Terminal losses
  6. Abortive exploration expenditure
  7. Exploration and appraisal expenditure
  8. Research expenditure
  9. Oil allowance
  10. Limit on tax payable in transfer year
  11. Disposal of long-term assets
  12. Transfers of oil
  13. Retention of share of oil

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.