http://www.legislation.gov.uk/id/ukpga/2019/1

SCHEDULES

SCHEDULE 15Oil activities: transferable tax history

PART 3Effect of a TTH election on the seller

Application of this Part

15

This Part applies if—

(a)

the seller and the purchaser have jointly made a TTH election in respect of the TTH asset, and

(b)

the TTH election has been approved by an officer of Revenue and Customs (see paragraphs 61 and 62).