130Exploration or exploitation assets: definition
(1)In section 38 of the [1973 c. 51.] Finance Act 1973 (territorial extension) in subsection (3B) (definition of exploration or exploitation asset for purposes of that section)—
(a)in paragraph (a) the words “within the period of two years ending at the date of the disposal” shall be omitted, and
(b)in paragraph (b) for the words “, at some time within the period of two years ending at the date of the disposal, has” there shall be substituted the words “has at some time”.
(2)This section shall apply where assets are disposed of on or after 14th March 1989.