Related Commentary  

95(1)  This section applies to a lease (“the lease in question”) of an asset (“the relevant asset”) where–

(a)a person (“the seller”) who is a participator in an oil field (“the seller’s oil field”) has made a disposal in a chargeable period of the relevant asset or an interest in it;

(b)the relevant asset was a qualifying asset in relation to the seller and the seller’s oil field is the chargeable field in relation to it;

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