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Contents

Official guidance
Oil Taxation Manual

OT66000 · Transferable tax history - TTH allocation on a loss carry back

  • OT66010 · Introduction
  • OT66020 · Total activated TTH amount – first loss-making period
  • OT66030 · Total activated TTH amount – subsequent loss-making period
  • OT66040 · Closing balance of activated TTH
  • OT66050 · Additional activated TTH amount
  • OT66060 · TTH reduction amount
  • OT66070 · Closing balance of the total TTH amount
  • OT66080 · Allocation of the Total activated TTH amount
  • OT66090 · Allocation of activated TTH - Example
  1. Transferable tax history - TTH allocation on a loss carry back: contents
  2. Transferable tax history - TTH allocation on a loss carry back - Additional activated TTH amount

OT66050 | Transferable tax history - TTH allocation on a loss carry back - Additional activated TTH amount

From HM Revenue & Customs · Oil Taxation Manual

In an accounting period after the first loss-making period, in which the relevant proportion of the decommissioning expenditure attributable to the TTH oil field exceeds the net profit amount attributable to the TTH asset for that period, further TTH is activated. The additional activated TTH amount is the amount of that excess.

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