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Contents

Official guidance
Oil Taxation Manual

OT68000 · Transferable tax history - Onward Sales

  • OT68010 · Introduction
  • OT68020 · Original TTH amount treated as eligible ring fence profits
  • OT68030 · Effect on the original purchaser
  • OT68040 · Default treatment
  • OT68050 · Opt-out treatment
  • OT68060 · Supplementary charge
  • OT68070 · Effect of an onward sale on the new purchaser
  • OT68080 · Subsequent onward sales
  • OT68090 · Retained decommissioning
  1. Transferable tax history - Onward Sales: contents
  2. Transferable tax history - Onward sales - Supplementary charge

OT68060 | Transferable tax history - Onward sales - Supplementary charge

From HM Revenue & Customs · Oil Taxation Manual

Regardless of whether the default or the opt-out treatment is used, if any original TTH amount is transferred to the new purchaser, the corresponding proportion of transferred adjusted ring fence profits from the original election are also transferred to the new purchaser.

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