# Oil Taxation Act 1975, Paragraph 6


(1) This paragraph applies if an area has ceased to be—
(a) an oil field within the meaning of paragraph 1(1), or
(b) part of such an oil field.
(2) The area is to be treated as continuing to be—
(a) the oil field, or
(b) the part of the oil field,
that it actually was.
(3) Accordingly, whilst the area is treated in accordance with sub-paragraph (2), any reference to an oil field is to include a reference to the area.
(4) Sub-paragraph (2) ceases to apply to the area—
(a) in accordance with sub-paragraph (5), and
(b) if or to the extent that it has not ceased to apply in accordance with sub-paragraph (5), in accordance with sub-paragraph (6).
(5) Sub-paragraph (2) ceases to apply to the area if, or to the extent that, it again becomes—
(a) an oil field within the meaning of paragraph 1(1), or
(b) part of such an oil field.
(6) Sub-paragraph (2) ceases to apply to the area at the end of the second chargeable period that falls after the chargeable period in which the area is decommissioned.

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Source: https://www.legislation.gov.uk/ukpga/1975/22/schedule/1/paragraph/6 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1975/schedule-1/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.