The legislation contains certain specific prohibitions which apply whether or not the expenditure is incurred in relation to a long-term asset. They are as follows:



buildings or structures on land;

expenditure depending on oil won;

acquisition of interests in oil;

payments of contractors’ tax;

double allowances;

expenditure relating to excluded oil;


transactions between connected persons;

subsidised expenditure;

non-taxable fields; and

pipeline elections.

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