SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 6Allocation of activated TTH amount
38“Total activated TTH amount”
The “total activated TTH amount” held by the purchaser for a loss period which is the first activation period is the lower of—
a
the amount by which, at the end of that period, the total decommissioning expenditure amount exceeds the total net profits amount (see paragraph 30), and
b
the total TTH amount.