CAA 2001
6(1)Section 165 (abandonment expenditure within 3 years of ceasing ring fence trade) is amended as follows.
(2)In the heading, for “abandonment expenditure” substitute “general decommissioning expenditure”.
(3)In subsection (1)(b) and (c), for “abandonment expenditure” substitute “general decommissioning expenditure”.
(4)In subsection (3)—
(a)in paragraph (a), for “relevant abandonment cost” substitute “relevant decommissioning cost”, and
(b)in paragraph (b), for “abandonment expenditure” substitute “general decommissioning expenditure”.
(5)In subsection (4), in the definition of “the relevant abandonment cost”—
(a)for “relevant abandonment cost” substitute “relevant decommissioning cost”, and
(b)for “abandonment expenditure”, in each place, substitute “general decommissioning expenditure”.