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Contents

Official guidance
Oil Taxation Manual

OT61000 · Transferable Tax History - Administration and Enquiries

  • OT61010 · Election - enquiries
  • OT61020 · Election - approval
  • OT61030 · Election - effective date
  • OT61040 · Election - withdrawal
  • OT61050 · Election - Amounts discovered to be incorrect
  • OT61060 · Election - Multiple interests in a field
  • OT61070 · Claims to set losses against TTH - enquiries
  • OT61080 · Record keeping
  1. Transferable Tax History - Administration and Enquiries: contents
  2. Transferable tax history - Administration and enquiries - Election - Multiple interests in a field

OT61060 | Transferable tax history - Administration and enquiries - Election - Multiple interests in a field

From HM Revenue & Customs · Oil Taxation Manual

Where the seller transfers to the purchaser multiple licence interests which cover the same oil field, only one joint election needs to be made – separate election for each licence interest are not required.

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