SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 5TTH activation
Decommissioning expenditure amount
34
1
The “restoration expenditure amount” for an accounting period is the amount that is treated as qualifying expenditure under section 416ZA of CAA 2001 (ring fence trades: expenditure on site restoration) for that period.
2
A restoration expenditure amount is attributable to the TTH oil field if the qualifying expenditure is incurred in relation to the field.