– see also Close companies; Loan relationships

Abandonment expenditure

– see Abandonment expenditure

Abortive exploration expenditure, claim relating to

Legislation/Regulatory – OTA75 Sch. 7, para. 1(1)

Allowable expenditure, claim for

Legislation/Regulatory – FA2009 Sch. 51, para. 25 ; OTA75 Sch. 6

Annual exemption

Legislation/Regulatory – IHTA84 s. 94(5)

Apportionment of expenditure between

Legislation/Regulatory – OTA75 Sch. 4, para. 6(1)

Assessment of tax on

Legislation/Regulatory – OTA75 Sch. 2, para. 10(1)

Associated company, transfer of rights to

Legislation/Regulatory – OTA75 Sch. 3, para. 5

Claim periods

Legislation/Regulatory – OTA75 Sch. 5, para. 2(2)

Close companies

– see also Close companies

Capital, alteration of

Legislation/Regulatory – IHTA84 s. 98

Charge to tax

Legislation/Regulatory – IHTA84 s. 94, 95, 97, 99

Cumulation

Legislation/Regulatory – IHTA84 s. 94(4)

Interest in two companies

Legislation/Regulatory – IHTA84 s. 95

Minority participators

Legislation/Regulatory – FA2001 s. 106 ; IHTA84 s. 97

Trustee participators

Legislation/Regulatory – IHTA84 s. 99, 100

Decommissioning costs, former licensees

Legislation/Regulatory – FA2009 Sch. 42 ; OTA75 s. 12(1), (1A), Sch. 1, para. 6, 7

Deferred expenditure claims

Legislation/Regulatory – OTA75 s. 9A

Election

– see Elections

Employee trusts, beneficiaries under

Legislation/Regulatory – IHTA84 s. 13(2), (3)

Instalments, entitlement to withhold

Legislation/Regulatory – ESC I5

Liability for tax

Extent of

Legislation/Regulatory – IHTA84 s. 202(3)

Generally

Legislation/Regulatory – IHTA84 s. 202(1), (4)

Less than five per cent transferred

Legislation/Regulatory – IHTA84 s. 202(2)

Limit on amount payable by

Accumulated capital expenditure

Legislation/Regulatory – OTA75 s. 9(3)

Adjusted profit

Legislation/Regulatory – OTA75 s. 9(2)

Chargeable periods to which safeguard applicable

Legislation/Regulatory – OTA75 s. 9(1A)

Safeguard

Legislation/Regulatory – OTA75 s. 9(1)

Loan relationships

– see Loan relationships

Meaning

Legislation/Regulatory – FA2008 s. 102 ; IHTA84 s. 13(5), 72(6), 102(1) ; OTA75 s. 12(1), Sch. 2, para. 4(8) ; OTA83 s. 12(2)
HMRC Guidance – CA23157 ; OT03100

New

Losses of

Legislation/Regulatory – FA80 Sch. 17, para. 14

Share of oil attributed to

Legislation/Regulatory – FA80 Sch. 17, para. 9

Share of oil deemed to belong to

Legislation/Regulatory – FA80 Sch. 17, para. 21

Oil allowance, share of

Legislation/Regulatory – OTA75 s. 8(3), (4)

Oil owned by person other than

Legislation/Regulatory – OTA75 Sch. 3, para. 6

Pipelines earning tariffs, election option

– see Pipelines

Responsible person, nomination of

Legislation/Regulatory – OTA75 Sch. 2, para. 4(4)

Returns by

Legislation/Regulatory – OTA75 Sch. 2, para. 2
HMRC Guidance – CH81040 ; CH900000

Tariff receipts allowance

Legislation/Regulatory – OTA83 Sch. 3

Transfers, treatment of

Legislation/Regulatory – OTA75 Sch. 3, para. 6A

Transmedian fields, share in

Legislation/Regulatory – FA80 s. 107(2)

Unrelievable field loss, claim for allowance of

Legislation/Regulatory – OTA75 Sch. 8, para. 4