# Finance Act 2004, Paragraph 7


(1) In Part 2 of Schedule 1, paragraph 7 is amended as follows.
(2) In sub-paragraph (1)(c) (use of asset otherwise than in connection with a taxable field between acquisition etc and first use in connection with oil field)—
(a) after “was used” insert “ (i) ”;
(b) after “otherwise than in connection with a taxable field,” insert “ or ”;
(c) after the word “or” so inserted, insert the following sub-paragraph—
“(ii) in connection with a taxable field in a way that gives rise to tax-exempt tariffing receipts,”.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/schedule/37/paragraph/7 (the official version)
Page: https://openlegislation.uk/finance-act-2004/schedule-37/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.