Related Commentary  

102(1)  [Amends OTA 1975, s. 3.]

102(2)  [Amends OTA 1975, s. 3.]

102(3)  [Amends OTA 1975, s. 10(2).]

102(4)  The amendments made by subsections (1) to (3) apply to expenditure incurred on or after 7th March 2001.

102(5)  Subsections (6) to (8) apply where–

(a)on or after 7th March 2001 a participator in a taxable field (“the transitional participator” ) incurs expenditure that falls to be apportioned under the new provision,

(b)the transitional participator was a participator in the field both immediately before, and at the beginning of, 7th March 2001,

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.