# Finance Act 2008, Paragraph 6


(1) Section 165 (abandonment expenditure within 3 years of ceasing ring fence trade) is amended as follows.
(2) In the heading, for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(3) In subsection (1)(b) and (c), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(4) In subsection (3)—
(a) in paragraph (a), for “relevant abandonment cost” substitute “ relevant decommissioning cost ”, and
(b) in paragraph (b), for “abandonment expenditure” substitute “ general decommissioning expenditure ”.
(5) In subsection (4), in the definition of “the relevant abandonment cost”—
(a) for “relevant abandonment cost” substitute “ relevant decommissioning cost ”, and
(b) for “abandonment expenditure”, in each place, substitute “ general decommissioning expenditure ”.

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Source: https://www.legislation.gov.uk/ukpga/2008/9/schedule/34/paragraph/6 (the official version)
Page: https://openlegislation.uk/finance-act-2008/schedule-34/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.