OT21418 | Field allowance: the total amount of field allowance available, additionally developed oil fields

[Field Allowance was superseded by Investment Allowance which was introduced by Fiance Act 2015 and applies to expenditure incurred on or after 1 April 2015. See OT21550 for guidance on Investment Allowance.]

Relief may be claimed under the additionally-developed oil field rules in addition to the new oil field allowances listed under CTA2010\S352 (Qualifying Oil Fields).