Search Legislation

Finance Act 2013

Status:

This is the original version (as it was originally enacted).

90Expenditure on decommissioning onshore installations

This section has no associated Explanatory Notes

(1)Section 163 of CAA 2001 (meaning of “general decommissioning expenditure”) is amended as follows.

(2)In subsection (1)—

(a)the words after “if” become paragraph (a) of that subsection,

(b)in that paragraph, for “subsections (3) to (4)” substitute “subsections (3), (3A) and (4)”, and

(c)at the end of that paragraph insert , or

(b)the conditions in subsections (3B) and (4) are met.

(3)After subsection (3A) insert—

(3B)The expenditure must have been incurred on decommissioning plant or machinery—

(a)which has been brought into use wholly or partly for the purposes of a ring fence trade, and

(b)which—

(i)is, or forms part of, a relevant onshore installation, or

(ii)when last in use for the purposes of a ring fence trade, was, or formed part of, such an installation.

(3C)In subsection (3B) “relevant onshore installation” means any building or structure which—

(a)falls within any of sub-paragraphs (ii) to (iv) of section 3(4)(c) of OTA 1975,

(b)is not an offshore installation, and

(c)is or has been used for purposes connected with the winning of oil from an oil field any part of which lies within—

(i)the boundaries of the territorial sea of the United Kingdom, or

(ii)an area designated under section 1(7) of the Continental Shelf Act 1964.

(4)In subsection (5)(a), for ““oil field” has” substitute ““oil” and “oil field” have”.

(5)The amendments made by this section have effect in relation to expenditure incurred on decommissioning carried out on or after the day on which this Act is passed.

Back to top

Options/Help

Print Options

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open The Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act without Schedules as a PDF

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources