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Legislation
Corporation Tax Act 2010

Crossheading Onshore allowance

  • Section 356C Generation of onshore allowance
  • Section 356CA Disqualifying conditions for section 356C(4)(b)
  • Section 356CAA Expenditure on acquisition of asset: further disqualifying conditions
  • Section 356CB Expenditure not related to an established site
  1. Onshore allowance
  2. Disqualifying conditions for section 356C(4)(b)

Section 356CA | Disqualifying conditions for section 356C(4)(b)

From legislation.gov.uk

(1)The first disqualifying condition is that production from the site is expected to exceed 7,000,000 tonnes.

(2)The second disqualifying condition is that production from the site has exceeded 7,000,000 tonnes.

(3)For the purposes of this section 1,100 cubic metres of gas at a temperature of 15 degrees celsius and pressure of one atmosphere is to be counted as equivalent to one tonne.

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