SCHEDULES
SCHEDULE 42PRT: former licensees and former oil fields
Part 1Persons who cease to be licensees because of cessation events
3
In Schedule 5 (allowance of expenditure other than abortive exploration expenditure), in paragraph 2C(2)—
a
in the definition of “current participator”, after “paragraph (a),” insert “
(aa),
”
, and
b
in paragraph (b) of the definition of “former participator”, after “paragraph (a),” insert “
(aa),
”
.