SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 12Chargeable gains
76Transferred tax history is not to be regarded as an asset
Where the seller and the purchaser jointly make a TTH election in respect of the TTH asset, the transfer of tax history is not to be treated as—
a
the disposal or acquisition of an asset for the purposes of TCGA 1992, or
b
the disposal or acquisition of an intangible fixed asset for the purposes of Part 8 of CTA 2009.