SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 6Allocation of activated TTH amount
40“Total activated TTH amount”
1
This paragraph applies if, in relation to a post-activation period—
a
the relevant proportion of the decommissioning expenditure amount attributable to the TTH oil field for that period, exceeds
b
the tracked profit or loss amount attributable to the TTH asset for that period.
2
The “additional activated TTH amount” for the post-activation period is an amount equal to the excess.
3
For the purposes of paragraph 39, the adjusted activated TTH amount is the total of—
a
the closing balance of activated TTH for the immediately preceding accounting period, and
b
the additional activated TTH amount for the post-activation period.