Finance Act 2019 (c. 1)

SCHEDULES

SCHEDULE 15 Oil activities: transferable tax history

PART 6 Allocation of activated TTH amount

Application of this Part

37 In this Schedule—

(a) “first activation period” means the first post-acquisition accounting period of the purchaser in which a TTH activation event occurs, and

(b) “post-activation period” means a subsequent accounting period of the purchaser.