Related Commentary  Related HMRC Manuals

2(1)  For the purposes of this Act and Part I of the principal Act a mobile asset becomes dedicated to a particular oil field in a claim period if–

(a)the asset is used in connection with that field during the whole or part of that claim period; and

(b)the asset was not, at the beginning of that period, already dedicated to that field; and

(c)at the end of that period it is reasonable to make the assumptions in subsection (2) below.

2(2)  The assumptions referred to in paragraph (c) of subsection (1) above are–

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