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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 - Subsequent onward sales

OT68080 | Transferable tax history - Onward sales - Subsequent onward sales

From HM Revenue & Customs · Oil Taxation Manual

Where there are subsequent onward sales of the TTH asset or part thereof, the onward sales provisions also have effect for those subsequent sales. As such, later purchasers will need to take account of all the tracked profits of all previous purchasers following the original TTH election.

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