6(1) There shall be transferred to the new participator the whole or, if the transfer is of part of the old participator’s interest in the field, a corresponding part of any amount which–
(a)would, apart from this paragraph, fall to be taken into account under section 2(9)(b) in computing the assessable profit or allowable loss accruing to the old participator from the field in the transfer period or a later chargeable period; and
(b)is attributable to expenditure allowed to the old participator under Schedule 5 in accordance with his interest in the field before the transfer.
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