Amendments of Chapter 7 of Part 8 of CTA 2010
This section has no associated Explanatory Notes
13(1)Section 347 (acquisition of field allowance if equity acquired) is amended as follows.
(2)In subsection (1), for “the new oil field” substitute “the eligible oil field”.
(3)In subsection (2)—
(a)for “the new oil field” (in the first place it occurs) substitute “the eligible oil field”, and
(b)for “the new oil field” (in the second place it occurs) substitute “the field”.
(4)In subsection (4), for “the new oil field” substitute “the field”.