For qualifying expenditure incurred in respect of abandonment programmes approved on or after 7 August 2000, the Finance Act 2001 changes introduced 25% p.a. reducing balance capital allowances in respect of the capital costs of preparing oil installations for re-use or for removing and mothballing oil installations where their future use is uncertain. For both of these categories, 100% up-front relief is claimable in cases where the costs are incurred in connection with the closing down of an oil field.

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