SCHEDULES
SCHEDULE 40Oil: chargeable gains
Part 1Licence swaps
2
In section 35(3) (assets held on 31 March 1982, including assets held on 6 April 1965)—
a
in paragraph (c), omit the “or” at the end, and
b
after that paragraph insert—
ca
where, by virtue of section 195B, 195C or 195E, neither a gain nor a loss accrues to the person making the disposal, or