Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 31 U.K. Miscellaneous amendments relating to decommissioning

PART 1 U.K. Abandonment guarantees and abandonment expenditure

Expenditure under abandonment guarantees U.K.

7 (1) In Part 8 of CTA 2010 (oil activities), Chapter 4 (calculation of profits) is amended as follows. U.K.

(2) In section 292 (expenditure on and under abandonment guarantees), omit subsections (3) and (4).

(3) Omit section 293 (relief for reimbursement expenditure under abandonment guarantees).