118(1)  For the purpose of computing under section 2 of the principal Act the assessable profit or allowable loss accruing to a participator in any chargeable period from an oil field–

(a)there shall be included as a positive amount any allowable sum paid to the participator in the period by the Secretary of State or the OGA;

(b)there shall be included as a negative amount any allowable sum paid by the participator in the period to the OGA.

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