6(1)Section 165 (abandonment expenditure within 3 years of ceasing ring fence trade) is amended as follows.U.K.
(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 ”.