SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 6Allocation of activated TTH amount
“Total activated TTH amount”
42
If neither paragraph 40 nor paragraph 41 applies in relation to a post-activation period, the “adjusted activated TTH amount” for the purposes of paragraph 39 is—
a
an amount equal to the closing balance of activated TTH for the immediately preceding accounting period, if it is greater than nil, or
b
nil, if the closing balance of activated TTH for the immediately preceding accounting period is nil or a negative amount.