SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 15Interpretation
105The purchaser’s “pre-acquisition accounting periods” and “post-acquisition accounting periods”
1
Each of the following is a “pre-acquisition accounting period” of the purchaser—
a
the purchaser’s reference accounting period, and
b
each preceding accounting period.
2
Each of the following is a “post-acquisition accounting period” of the purchaser—
a
the first accounting period after the purchaser’s reference accounting period,
b
each subsequent accounting period, and
c
each period which is a notional accounting period for the purposes of section 165 or section 416ZA of CAA 2001.
3
See paragraph 106 for provision about accounting periods before the purchaser comes within the charge to corporation tax.