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Contents

Official guidance
Oil Taxation Manual

OT26680 · Capital Allowances: Production Sharing Contracts

  • OT26682 · Introduction
  • OT26685 · What is a PSC?
  • OT26690 · Cost Recovery and Profit Oil
  • OT26695 · Expenditure on Plant and Machinery
  • OT26700 · Capital Allowances and Ownership
  • OT26710 · Deemed Ownership of Assets
  • OT26740 · The scope of the PSC rules on plant and machinery
  • OT26750 · Ownership Terms
  • OT26755 · Provision of Plant and Machinery
  • OT26760 · Trade Use and Qualifying Purposes
  • OT26770 · Anti-Avoidance Provisions and “Carry” Arrangements
  • OT26775 · Triggering relief for deemed ownership
  • OT26780 · The pool value on migration into the UK
  • OT26785 · Cessation of Relief and Disposal Value
  • OT26795 · Temporary Cessation of Use
  • OT26800 · Disposals and Part Disposals of the Contractor's Interest
  • OT26805 · Cross-border Disposals
  1. Capital Allowances: Production Sharing Contracts: contents
  2. Capital Allowances: Production Sharing Contracts - Introduction

OT26682 | Capital Allowances: Production Sharing Contracts - Introduction

From HM Revenue & Customs · Oil Taxation Manual

CAA01\S167

This section provides guidance on the tax treatment of expenditure incurred under production sharing contracts (PSCs). In particular it covers the statutory provisions introduced in FA2000 and now found at CAA01\S167 to S171.

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