SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 6Allocation of activated TTH amount
47“Available activated TTH amount”
1
This paragraph applies for the purposes of allocating an amount to a pre-acquisition accounting period under Step 3 of paragraph 44.
2
The “available activated TTH amount” held by the purchaser for the loss period, is an amount equal to—
a
the total activated TTH amount for the period, less
b
the total of the activated transferred profits amounts allocated under paragraph 44 to later pre-acquisition accounting periods.