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Contents

Official guidance
Oil Taxation Manual

OT30038 · Capital Gains: Undeveloped Areas

  • OT30040 · Introduction
  • OT30041 · Overseas Licences
  • OT30042 · Disposals at arms-length
  • OT30043 · Definitions - 1
  • OT30044 · Definitions - 2
  • OT30045 · Three Dimensional Co-Ordinates
  • OT30046 · Date of Conditional Disposals
  • OT30047 · Areas with more than one prospect
  • OT30048 · Work Programme Obligation
  • OT30049 · Exploration Work
  • OT30050 · Appraisal Work
  • OT30051 · Definition of Oil
  • OT30052 · Licence Area
  1. Capital Gains: Undeveloped Areas: contents
  2. Capital Gains: Undeveloped Areas - Appraisal Work

OT30050 | Capital Gains: Undeveloped Areas - Appraisal Work

From HM Revenue & Customs · Oil Taxation Manual

This is defined at TCGA 92\S196(6):

Appraisal Work in relation to any area means work carried out for the purpose of ascertaining the extent or characteristics of any oil bearing area the whole of part of which lies in the area concerned, or what the reserves of oil of any such oil bearing area are.

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