Finance Act 2019 (c. 1)

SCHEDULES

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

PART 8 U.K. TTH elections: conditions and procedure

Timing of election U.K.

58 (1) A TTH election in respect of a TTH asset may not be made— U.K.

(a) before the licence transfer date, or

(b) after the end of the period of 90 days beginning with that date or, if later, 1 June 2019.

(2) Paragraph 3 of Schedule 1A to TMA 1970 (amendment of claims and elections) does not apply in relation to a TTH election (but see paragraph 74 (amounts discovered to be incorrect)).