[225N [Expenditure on abandonment guarantees]]
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

[Abandonment guarantees]

[225N  [Expenditure on abandonment guarantees]]

[(1)     Subsection (2) applies if, as a result of section 3(1)(hh) of OTA 1975 (obtaining abandonment guarantee), expenditure incurred by a participator in an oil field is allowable (in whole or in part) for petroleum revenue tax purposes under

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