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Petroleum Revenue Tax Act 1980
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- UK Public General Acts
- 1980 c. 1
- SCHEDULE
- Paragraph 3
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3The amount of any assessable profit resulting from the computation under paragraph 2 above may be reduced by any allowable loss in accordance with section 7(1) and shall be reduced in accordance with section 8 by reference to the participator's share, if any, of the oil allowance for the chargeable period.
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