SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 6Allocation of activated TTH amount
“Total activated TTH amount”
39
The “total activated TTH amount” held by the purchaser for a loss period which is a post-activation period is the lower of—
a
the adjusted activated TTH amount (see paragraphs 40 to 42), and
b
the closing balance of the total TTH amount for the immediately preceding accounting period (see paragraph 49).