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Legislation

Finance Act 1991

Crossheading Oil industry

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Section 62 Expenditure on and under abandonment guarantees.
Section 63 Relief for reimbursement expenditure under abandonment guarantees.
Section 64 Relief for expenditure incurred by a participator in meeting defaulter’s abandonment expenditure.
Section 65 Reimbursement by defaulter in respect of certain abandonment expenditure.
Section 66 Restriction on setting ACT against liability to corporation tax on profits from oil extraction activities etc.
Section 67 Oil licences.

Oil industry
Relief for expenditure incurred by a participator in meeting defaulter’s abandonment expenditure.

Section 64 | Relief for expenditure incurred by a participator in meeting defaulter’s abandonment expenditure.

From legislation.gov.uk

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
Ss. 62-65 repealed for corporation tax purposes (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 222, Sch. 3 Pt. 2 (with Sch. 2) and repealed for all other purposes (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 186, Sch. 10 Pt. 6 (with Sch. 9 para. 1-9, 22)