SCHEDULES
SCHEDULE 15Oil activities: transferable tax history
PART 13Onward sale
91Sale by the second purchaser or subsequent sale
In the case of a sale by the second purchaser, or a subsequent sale, of an interest within paragraph 81(c) in respect of which the parties make a TTH election—
a
references in paragraph 86 to the original TTH amount are references to the original TTH amount in relation to each election,
b
c
the provisions of paragraph 87 apply in relation to the second purchaser, and each subsequent purchaser, as they apply in relation to the first purchaser, and