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Contents

Official guidance
Oil Taxation Manual

OT30150 · Capital Gains: Allowable Costs

  • OT30151 · Drilling Costs
  • OT30152 · Wasting Asset Rules
  • OT30153 · Wasting asset rebasing to March 1982
  • OT30155 · Rebasing where the cost of the licence is nil
  • OT30160 · Part Disposals
  1. Capital Gains: Allowable Costs: contents
  2. Capital Gains: Allowable Costs - Part Disposals

OT30160 | Capital Gains: Allowable Costs - Part Disposals

From HM Revenue & Customs · Oil Taxation Manual

Where only part of a licence interest in a field is disposed of the normal part disposal rules at TCGA92\S42 will apply (see CG71800+).

Special rules apply to part disposals covered by the provisions at TCGA92\S194 regarding undeveloped areas (see OT30044+).

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