SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 12Chargeable gains
79Licence swaps: references to disposal include references to transfer of tax history
For the purposes of the application of sections 195A to 196 of TCGA 1992 (oil licence swaps) in relation to the disposal of the licence interest by the seller to the purchaser, references in those sections to the disposal are treated as including references to the transfer of tax history.