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Contents

Official guidance
Oil Taxation Manual

OT18000 · PRT transfer of licence interests contents

  • OT18020 · PRT transfer of licence interests - outline
  • OT18030 · PRT: transfer of licence interests - procedures
  • OT18040 · PRT: transfer of licence interests - unused expenditure relief
  • OT18050 · PRT: transfer of licence interests - unused losses
  • OT18060 · PRT: transfer of licence interests - accumulated capital expenditure (or safeguard capital base)
  • OT18070 · PRT: transfer of licence interests - exempt gas
  • OT18080 · PRT: transfer of licence interests - successive transfers
  • OT18090 · PRT: transfer of licence interests - provisional expenditure allowance
  • OT18100 · PRT: transfer of licence interests - licence debit/credit
  • OT18110 · PRT: transfer of licence interests - payments on account
  • OT18120 · PRT: transfer of licence interests - surrender of new participator’s loss
  • OT18130 · PRT: transfer of licence interests - terminal losses accruing in chargeable period ending after 17 March 2004
  • OT18131 · PRT: transfer of licence interests - terminal losses: example 1
  • OT18132 · PRT: transfer of licence interests - terminal losses: example 2
  • OT18133 · PRT: transfer of licence interests - terminal losses: example 3
  • OT18135 · PRT: transfer of licence interests - terminal losses accruing in chargeable periods ending before 17 March
  • OT18140 · PRT: transfer of licence interests - non-field expenditure
  • OT18150 · PRT: transfer of licence interests - oil allowance
  • OT18160 · PRT: transfer of licence interests - long-term asset disposals
  • OT18170 · PRT: transfer of licence interests - transfers of oil
  • OT18180 · PRT: transfer of licence interests - treatment of overriding royalty
  • OT18190 · PRT: transfer of licence interests - net profit period
  • OT18200 · PRT: transfer of licence interests - participation rights
  1. PRT transfer of licence interests contents
  2. PRT: transfer of licence interests - participation rights

OT18200 | PRT: transfer of licence interests - participation rights

From HM Revenue & Customs · Oil Taxation Manual

OTA75\SCH3\PARA6A is concerned with BNOC participation rights, and the creation of such rights by the transfer of a right to oil could be seen as coming within the definition of a field transfer.

However, LB Oil & Gas has confirmed that it will not regard FA80\SCH17 as applying in these circumstances.

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