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Contents

Official guidance
Oil Taxation Manual

OT30440 · Capital gains: extension of ring fence

  • OT30450 · Introduction
  • OT30451 · Material disposals
  • OT30452 · Non material disposals
  • OT30453 · The ring fence rules
  • OT30470 · Roll over relief
  • OT30471 · Assets used in connection with oil fields - disposals made before 22 April 2009
  • OT30472 · Assets used in connection with oil fields - disposals made on or after 22 April 2009
  • OT30473 · Assets used in connection with oil fields - provisional claims for disposals on or after 22 April 2009
  • OT30474 · Assets used in connection with oil fields - prevention of double claims
  • OT30475 · Assets used in connection with oil fields - meaning of ring fence reinvestment and disposal consideration
  • OT30476 · Assets used in connection with oil fields - disposals on or after 22 April 2009 - qualification for roll over relief
  • OT30477 · Assets used in connection with oil fields - disposals on or after 22 April 2009 - qualification for relief under TCGA92\S153
  • OT30479 · Reinvestment after pre trading disposal
  1. Capital gains: extension of ring fence: contents
  2. Capital gains: extension of ring fence: introduction

OT30450 | Capital gains: extension of ring fence: introduction

From HM Revenue & Customs · Oil Taxation Manual

TCGA92\S197 extends ring fence profits to include certain gains arising from UK and UK Continental Shelf oil fields and related assets (see OT30451).

TCGA92\S198 introduced the ring fence roll over provisions (see OT30453 onwards).

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