SCHEDULES
SCHEDULE 37Oil taxation: tax-exempt tariffing receipts and assets producing them
Part 1Amendments of the Oil Taxation Act 1983 relating to allowable expenditure and disposal receipts
Expenditure incurred on long-term assets other than non-dedicated mobile assets
2
1
Section 3 (expenditure incurred on long-term assets other than non-dedicated mobile assets) is amended as follows.
2
In subsection (4)
(whole of expenditure to be allowable, except as provided by the provisions there specified) for “section 4” substitute “
sections 3A and 4
”
.