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Contents

Official guidance
Oil Taxation Manual

OT30070 · Capital Gains: Computational Points

  • OT30075 · Full disposal, no cash consideration
  • OT30076 · Full disposal, cash consideration
  • OT30077 · Definition of a part disposal
  • OT30078 · Part disposal, no cash consideration
  • OT30079 · Part disposal, cash consideration
  • OT30080 · Capital Allowances, loss restriction
  • OT30081 · Farm Ins and Earn Ins
  1. Capital Gains: Computational Points: contents
  2. Capital Gains: Computational Points - Full disposal, cash consideration

OT30076 | Capital Gains: Computational Points - Full disposal, cash consideration

From HM Revenue & Customs · Oil Taxation Manual

If there is other consideration (e.g. cash) on a licence swap, the effect of TCGA92\S194 is to treat that sum as the only consideration for the disposal. Accordingly, the full allowable acquisition costs, subject to TCGA92\S41 restrictions, together with any Indexation Allowance will be offset against it.

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