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Contents

Official guidance
Oil Taxation Manual

OT26600 · Capital Allowances - Long Life Assets

  • OT26601 · Capital Allowances: Long Life Assets - Introduction
  • OT26602 · Capital Allowances: Long Life Assets - Brief Outline
  • OT26603 · Capital Allowances: Long Life Assets - Expenditure excluded from being on Long Life Assets - Ships and offshore installations
  • OT26604 · Capital Allowances: Long Life Assets - Are Floating Production Storage and Offloading Vessels a single asset?
  • OT26608 · Capital Allowances: Long Life Assets - Are Floating Production Storage and Offloading Vessels long life assets?
  1. Capital Allowances - Long Life Assets: contents
  2. Capital Allowances: Long Life Assets - Introduction

OT26601 | Capital Allowances: Long Life Assets - Introduction

From HM Revenue & Customs · Oil Taxation Manual

There are no oil industry specific aspects to the legislation dealing with capital allowances for long life assets. The notes below are directed to the application of this general legislation to oil industry activities.

Guidance on long life assets can be found in the Capital Allowances Manual at CA23700.

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