http://www.legislation.gov.uk/id/ukpga/2019/1/schedule/15/enacted

SCHEDULES

SCHEDULE 15Oil activities: transferable tax history

PART 3Effect of a TTH election on the seller

15Application of this Part

This Part applies if—

a

the seller and the purchaser have jointly made a TTH election in respect of the TTH asset, and

b

the TTH election has been approved by an officer of Revenue and Customs (see paragraphs 61 and 62).