Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Oil Taxation Act 1975

162

(1)

Amend section 5 (allowance of abortive exploration expenditure) as follows.

(2)

In subsection (7)(b) for “section 839 of the Taxes Act” substitute “ section 1122 of CTA 2010 ”.

(3)

In subsection (8)(b) for “section 838 of the Taxes Act” substitute “ Chapter 3 of Part 24 of CTA 2010 ”.