SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 13Onward sale
82Application of paragraphs 83 to 90
1
Sub-paragraph (2) applies if—
a
the first purchaser has an interest in the UK oil licence referred to in paragraph 1, in addition to the interest in that licence acquired from the seller, and
2
Interests in the licence acquired later by the first purchaser are treated, for the purposes of this Part, as being transferred to the second purchaser before interests in the licence acquired earlier by the first purchaser.