SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 8TTH elections: conditions and procedure
57Election conditions: decommissioning relief agreements
1
If the seller is a party to a decommissioning relief agreement, a TTH election may only be made if the agreement provides for the total TTH amount to be disregarded when determining the reference amount.
2
In this Schedule, “decommissioning relief agreement” and “reference amount” have the meaning given by section 80(2) of FA 2013.