OT30210 | Capital Gains: Rebasing of Assets Held at 31 March 1982 - Revoking an election for universal rebasing

Following the change in the legislation (see OT30205), an election made before 22 January 1990 may have become potentially disadvantageous to an oil company (or group). A company was therefore given the right to revoke the election in writing before 1 January 1991.