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Crossheading Oil exploration and exploitation

From legislation.gov.uk

Contents

  1. Section 193 Roll-over relief not available for gains on oil licences.
  2. Section 194 Disposals of oil licences relating to undeveloped areas.
  3. Section 195 Allowance of certain drilling expenditure etc.
  4. Section 195A Oil licence swaps
  5. Section 195B Licence-consideration swap
  6. Section 195C Company that receives mixed consideration: N exceeds C
  7. Section 195D Company that receives mixed consideration: N does not exceed C
  8. Section 195E Company that gives mixed consideration
  9. Section 195F Reimbursed expenditure
  10. Section 196 Interpretation of sections 194 to 195F .
  11. Section 197 Disposals of interests in oil fields etc: ring fence provisions.
  12. Section 198 Replacement of business assets used in connection with oil fields.
  13. Section 198A Ring fence reinvestment: whole consideration reinvested
  14. Section 198B Ring fence reinvestment: part of consideration reinvested
  15. Section 198C Provisional application of sections 198A and 198B
  16. Section 198D No double claims
  17. Section 198E Ring fence reinvestments and disposal consideration
  18. Section 198F Qualification for roll-over relief
  19. Section 198G Qualification for section 153 relief
  20. Section 198H Acquisition by member of same group
  21. Section 198I Exploration, appraisal and development expenditure
  22. Section 198J Oil and gas: reinvestment after pre-trading disposal
  23. Section 198K Provisional application of section 198J
  24. Section 198L Expenditure by member of same group
  25. Section 199 Exploration or exploitation assets: deemed disposals
  26. Section 200 Limitation of losses on disposal of oil industry assets held on 31st March 1982.