{
  "url": "https://openlegislation.uk/finance-act-2009/schedule-40/paragraph-10",
  "json_url": "https://openlegislation.uk/finance-act-2009/schedule-40/paragraph-10.json",
  "legislation": "ukpga/2009/10",
  "legislation_title": "Finance Act 2009",
  "legislation_url": "https://openlegislation.uk/finance-act-2009",
  "path": "schedule/40/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "In section 198 (replacement of business assets used in connection with oil fields), for subsection (3) substitute—\n“(3) Where—\n(a) section 152 or 153 applies in relation to any of the consideration on a material disposal, and\n(b) the asset which constitutes the new assets for the purposes of that section is a depreciating asset,\nsection 154(2)(b) is to have effect as if the reference to a trade carried on by the claimant were a reference solely to the claimant's ring fence trade.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/10",
    "retrieved_at": "2026-10-29T09:11:08.872832+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."
}