SolvedOT13240 | PRT: Exempt Gas - Expenditure Provisions
From HM Revenue & Customs · Oil Taxation Manual
OTA75\S10(2)-(3)
Modification of rules for searching, obtaining a licence, and ascertaining OTA75\S10(3)(a)
Excluded oil does not qualify for expenditure relief, so if a field contains excluded and non- excluded oil any expenditure allowable under OTA75\S3(1)(a), (b),or (c) is apportioned by reference to the respective total reserves including such oil, and the reserves ignoring excluded oil (OT09375).
Modification of rules for decommissioning related expenditure OTA75\S10(3)(b)
See the special rules concerning expenditure claimed under OTA75\S3(1)(hh), (i), or (j) in OT10550).