Restrictions were introduced in 1984 to prevent losses arising outside the ring fence being set off against certain gains arising inside the ring fence (now TCGA 1992, s. 197). These apply where, in pursuance of a transfer by a participator in a field (in the UK or UK continental shelf) of the whole or part of his interest in the field, there is a disposal of an interest in oil to be won from the field or an asset used in connection with the field.

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