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Legislation
Finance Act 2009

Part 6 Oil

  • Section 84 Capital allowances for oil decommissioning expenditure
  • Section 85 Blended oil
  • Section 86 Chargeable gains
  • Section 87 Oil assets put to other uses
  • Section 88 Former licensees and former oil fields
  • Section 89 Abolition of provisional expenditure allowance
  • Section 90 Supplementary charge: reduction for certain new oil fields
  • Section 91 Miscellaneous amendments
  1. Part 6 · Oil
  2. Former licensees and former oil fields

Section 88 | Former licensees and former oil fields

From legislation.gov.uk

Schedule 42 contains provision about the treatment of certain former licensees and former oil fields for the purposes of petroleum revenue tax.

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