Sch. 20B renumbered (previously Sch. 20A) by FA 2009, s. 91 and Sch. 45, para. 3(1), with effect from 21 July 2009 (Royal Assent).

Sch. 20B inserted (as Sch. 20A) by FA 2008, s. 107(6) and Sch. 33, para. 1, with effect from 21 July 2008.


1(1)  The responsible person for a taxable field may make an election that the field is to be non-taxable.

1(2)  An election is irrevocable.

1(3)  The responsible person may not make an election unless each person who is a participator at the time the election is made agrees to the election being made.

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