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OT60075 | Transferable Tax History - TTH Cap

From HM Revenue & Customs · Oil Taxation Manual

The total amount of TTH that can be transferred is limited to the lower of:

  • The seller company’s total eligible ring fence profits (see OT60040) from 17 April 2002 to the end of the reference accounting period (see OT60040), and

  • The ‘Uplifted Decommissioning Costs Estimate’ for the asset (see OT60080).