Finance Act 2019

Decommissioning expenditure amount

34(1)The “restoration expenditure amount” for an accounting period is the amount that is treated as qualifying expenditure under section 416ZA of CAA 2001 (ring fence trades: expenditure on site restoration) for that period.

(2)A restoration expenditure amount is attributable to the TTH oil field if the qualifying expenditure is incurred in relation to the field.