# Finance Act 2019, Section 37: Oil activities: transferable tax history


Schedule 15 makes provision for a company which sells an interest in an oil licence and a company which buys that interest to make a joint election for an amount of the seller's profits to be treated, in accordance with the provisions of the Schedule, as if it were an amount of the purchaser's profits.

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Source: https://www.legislation.gov.uk/ukpga/2019/1/section/37 (the official version)
Page: https://openlegislation.uk/finance-act-2019/section-37
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.