Related Commentary  

193(1)  [Amends OTA 1983, s. 9(5)(a) and inserts s. 9(5A).]

193(2)  Where a participator in a taxable field incurs any expenditure and,–

(a)apart from this subsection, the expenditure would be taken into account in determining the assessable profit or allowable loss accruing to that participator from the taxable field in any chargeable period, and

(b)in the hands of the recipient, the expenditure would, on the relevant assumptions, constitute tariff receipts or disposal receipts of a participator in a non-taxable field attributable to that field for any period, and

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