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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 - Capital Allowances, loss restriction

OT30080 | Capital Gains: Computational Points - Capital Allowances, loss restriction

From HM Revenue & Customs · Oil Taxation Manual

The general rules at TCGA92\S55 extend the restriction of the March 1982 value by reference to any capital allowances made in respect of the cost.

The adjustment is made whether or not the consideration has a deemed nil value under TCGA92\S194(2).

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