Finance Act 2019 (c. 1)

SCHEDULES

SCHEDULE 15 U.K. Oil activities: transferable tax history

PART 3 U.K. Effect of a TTH election on the seller

Application of this Part U.K.

15 U.K. This Part applies if—

(a) the seller and the purchaser have jointly made a TTH election in respect of the TTH asset, and

(b) the TTH election has been approved by an officer of Revenue and Customs (see paragraphs 61 and 62).