Brought-in assetsU.K.
7(1)In Part 2 of Schedule 1, paragraph 7 is amended as follows.U.K.
(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,”.