Search Legislation

Advanced Search

Finance Act 2015

Part 2 – Commencement and Transitional Provision

32.Paragraph 4 provides interpretation on definitions for “additionally-developed oil field”, “authorisation day”, “eligible oil field” and “new oil field”.

33.Paragraph 5 provides that the introduction of new Chapter 6A is to have effect in relation to accounting periods ending on or after 1 April 2015.

34.Paragraph 6 provides the conditions under which Chapter 7 is omitted.

35.Paragraph 7 provides for the unactivated field allowance held under Chapter 7 to become unactivated investment allowance and the conditions under which this can occur.

36.Paragraph 8 provides for the activated but unused field allowance held under Chapter 7 to become activated investment allowance and the conditions under which this can occur.

Back to top

Options/Help

Print Options

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