Corporation Tax Act 2010
2010 CHAPTER 4
Introduction
Part 8: Oil activities
Chapter 7: Reduction of supplementary charge for certain new oil fields
Section 347: Acquisition of field allowance if equity acquired
1097.This section provides the calculation of field allowance where a company (“the transferee”) acquires an equity interest in a new oil field. It is based on paragraph 15 of Schedule 44 to FA 2009.
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