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Taxation of Chargeable Gains Act 1992
This section has no associated Explanatory Memorandum
4. Section 196 (interpretation) of the Taxation of Chargeable Gains Act 1992() has effect as if—
(a)in subsection (1), in paragraphs (a) and (b), and subsection (3), for “Oil and Gas Authority” there were substituted “appropriate authority”;
(b)in subsection (5), after “section—” there were inserted—
““appropriate authority”, in relation to a licence under Part 1 of the Petroleum Act 1998—
(a)
the Scottish Ministers, in relation to the Scottish onshore area, as defined in section 8A of that Act, or
(b)
otherwise, the Oil and Gas Authority;”.
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